It’ll Take More Than Biden’s Economic Plan to Meet Climate Goal
- President’s tax-and-spending bill isn’t enough, paper finds
- Sector-based emissions caps and clean energy mandate essential
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Climate provisions in President Joe Biden’s tax-and-spending plan are critical to fulfilling his pledge to halve U.S. greenhouse gas emissions by 2030 but are far from enough, according to a new analysis that finds sweeping changes are required to confront global warming.
The U.S. also will have to rapidly accelerate adoption of electric vehicles, impose aggressive emissions limits on individual industries and deploy nascent, yet-to-be-commercialized technologies, according to the World Resources Institute paper released Wednesday. That’s on top of expanding tax incentives for renewable power, advanced energy manufacturing and building efficiency upgrades that are contained in the president’s economic legislation.