Tag

Climate Spending

All articles tagged with #climate spending

"Biden's Bay Area Visit: Climate Change and Campaigning"
climate-change2 years ago

"Biden's Bay Area Visit: Climate Change and Campaigning"

President Biden will announce an additional $600 million in climate spending, including $575 million to reinforce coastal infrastructure and $67 million to protect California's power grid from weather events. The funding will support innovative coastal resilience and adaptation solutions to protect communities and ecosystems from severe climate impacts. This move comes just months after the U.S. pledged another $1 billion donation to the United Nations' Green Climate Fund. Biden has made climate change a top priority throughout his administration and will hold a climate event in Palo Alto, California, before a series of 2024 campaign fundraising events.

The Deception of Joe Manchin's Green Bill Betrayal
opinion2 years ago

The Deception of Joe Manchin's Green Bill Betrayal

West Virginia Senator Joe Manchin's support for the Inflation Reduction Act, which includes climate spending, may cost trillions of dollars, according to recent independent studies. The law's green-energy tax credits are uncapped and mostly available to businesses that pay little or no tax, with most of the spending going to the affluent. A Goldman Sachs report estimated the law's climate spending would cost $1.2 trillion over the next decade, three times more than the Congressional Budget Office's estimate.