January 28, 2021
HIS WORK IS NEARLY DONE:
Biden will direct billions in federal spending power to climate change (James Temple, January 27, 2021, MIT Technology Review)
President Joe Biden continues to make good on his campaign pledge to accelerate progress on climate change, rapidly working down the list of what he can accomplish on his own in his early days in office.On Wednesday, January 27, he will sign a second set of executive orders and memorandums on climate change that promise to bring about major changes in US energy policies and priorities: directing federal agencies to purchase US-made, zero-emissions vehicles and carbon-free electricity, halting nearly all new oil and gas leases on public lands, and eliminating most fossil-fuel subsidies.Biden also placed climate change at the center of national security planning, requiring federal agencies to evaluate how increasingly severe heat waves, fires, floods, and famines could inflame global conflicts. The actions will also begin the process of creating bolder emissions reductions targets for the US under the Paris climate agreement.The latest directives follow Biden's climate actions on his first day in office, which included kick-starting the process of rejoining the Paris agreement and establishing new regulations on methane emissions, vehicle fuel economy standards, and much more.The orders will provide a major boost to the domestic market for renewables like wind, solar and geothermal plants, as well as electric or hydrogen vehicles. They will direct billions of federals dollars to these industries while creating regulatory certainty that will make it easier to finance new projects and factories, says Josh Freed, who leads the climate and energy program at Third Way, a center-left think tank in Washington, DC.
Posted by Orrin Judd at January 28, 2021 8:54 AM
