"A major climate and energy package announced last week in a deal by Senate Democrats would put the United States much closer to its goal of cutting global warming pollution in half by 2030, several new independent analyses have concluded.
If signed into law, the bill’s hefty tax incentives for low-carbon technologies could enable the country to cut its net greenhouse gas emissions by roughly 40 percent below 2005 levels by the end of this decade, according to forthcoming research by the Princeton-led REPEAT Project. While that falls short of President Biden’s goal to cut U.S. emissions by at least 50 percent below 2005 levels by 2030, experts said that additional policies like new federal regulations or more aggressive state and local climate action could help close the gap.
“This bill does about two-thirds of the work we need to do to hit our climate goals, which for a single piece of legislation is a really big deal,” said Jesse Jenkins, an energy systems engineer at Princeton who helped lead the modeling effort. “And by driving down the cost of clean energy, it can make it easier for states or cities or companies to take further climate actions on their own.”"
Nadja Popovich and Brad Plumer report for the New York Times August 2, 2022.
SEE ALSO:
"Climate Bill ‘Transformative’ for Auto and Energy Industries" (New York Times)
"With Climate Deal in Sight, Democrats Turn Hopes on Sinema" (New York Times)
"Manchin’s Climate Buy-In Comes At A Cost For Environmental Review" (The Hill)
"Manchin Deal Tosses $30 Billion Lifeline to US Nuclear" (Bloomberg)
"Could Environmental Justice Concerns Derail the Democrats’ Climate Bill?" (Inside Climate News)
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