In 2020, 28.4 million people were in Emergency or worse (IPC/ CH Phase 4 or...
2021-05-14 7 ENGLISH REPORTS
We believe that the Biden Administration’s initial “shock and awe” campaign on the environment has evolved into a serious, mature debate across multiple dimensions of climate transition. Temporary bans on permitting and leasing on federal lands have expired, and the Department of the Interior has moved to a comprehensive consultation process targeting environmentally responsible resource development (Dulake et al.). Through the American Jobs Plan, the Biden administration proposes tax credits to incentivize investments in climate resilience for buildings and expanding high-voltage power lines, and the plan introduces production tax credits for clean energy generation and storage.
The Made in America Tax Plan proposes eliminating subsidies for fossil fuel companies, which targets generating ~$35bn in the next decade. Congress is also introducing green legislation, and the “Growing Renewable Energy and Efficiency Now (GREEN) Act” was reintroduced in the House of Representatives in February. This bill proposes extending the use of tax credits covering the use of solar, wind and geothermal energy as well as expanding electric vehicle tax credits and creating new tax credits for zero-emission commercial vehicles and zeroemission buses (Hecker and Dubourg). Additionally, the administration has offered support for the domestic production of minerals like lithium, copper, rare earths and nickel, that might be used in EV production and contribute to a climate plan that includes a commitment to reach net zero carbon emissions by 2050 (Dulake et al.).
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