CO2: 413.93 ppmThe package includes $400 billion to bolster support for children and families, $555 billion for climate change programs and $166 billion in housing aid.
The budget reconciliation proposal passed by the House would mark the biggest climate investment in U.S. history at half a trillion dollars. It would also move President Biden closer to his administration’s ambition goals of reaching net-zero carbon emissions by 2050.
If enacted, Biden's framework would enshrine climate change action in law, making such measures difficult to roll back by future administrations.
The $555 billion package is designed to lure the country away from fossil fuels. It faces an uncertain path in the Senate.
President Biden's roughly $2 trillion social spending plan — a historic investment in addressing climate change — was delayed to this morning after House Minority Leader Kevin McCarthy (R-Calif.) spent hours bashing the bill on the floor.
President Biden traveled to Detroit on Wednesday to promote American-made electric vehicles and a new infrastructure package at a time when the rest of his climate agenda hangs in the balance back in Washington.
A House vote, months in the making, could come as early as Thursday evening on a $1.85 trillion social policy and climate bill that would be the largest expansion of the safety net in 50 years.
Experts say the infrastructure bill is a positive step in the right direction but a mix of private and public funding will be needed for U.S. EV network.
Negotiations in Washington, D.C., are far more important than those in Glasgow, Scotland.