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The White House wants Congress to fund at least $14 billion in
spending for transitioning the US to a net-zero economy and
fighting the threat of climate change in the 12 months starting 1
October.
Released 9 April, the $1.5 trillion fiscal year 2022 request, which Congress has to
approve through a slew of spending bills, reflects President Joe
Biden's priorities for tackling the ongoing COVID-19 pandemic —
improving public health and infrastructure, restoring US standing
across the globe, and to above all, "mount a mount a historic, whole-of-government-approach to
combating climate change."
"Responding to the climate crisis depends on helping communities
transition to a cleaner future," Biden wrote in his first budget
request.
The request comes on the heels of Biden's jobs and tax plans that seek to
move the US toward an emissions-free power sector by 2035 and a
net-zero economy by midcentury.
For the first time since 2017, the White House request includes
$1.2 billion in backing for the Green Climate Fund, which was
established under the 2015 Paris Agreement to help developing
countries reduce their GHG emissions and adapt to climate change
effects. Biden returned the US to the Paris
Agreement on his first day in office. Administration officials
since then have committed to helping developing countries mitigate
the effects of climate change.
It also includes $10 billion -- a more than 35% increase
compared with fiscal year 2021 -- for clean energy innovations to
help transform the US electric, transportation, buildings, and
industrial sectors to achieve net-zero carbon economy by 2050. More
than $8 billion of this money is earmarked for the US Department of
Energy (DOE) to spur research in clean energy technologies,
electric vehicles, green hydrogen, and even innovative approaches
to air conditioning and refrigeration.
The request also seeks $1 billion to create Advanced Research
Projects Agency for Climate and invest in the existing Advanced
Research Projects Agency-Energy.
The budget plan found favor in the renewable energy sector,
American Council on Renewable Energy CEO Gregory Whetstone saying:
"Today's budget request from the Biden administration demonstrates
a continued whole-of-government approach to tackling the climate
crisis and begins to restore the executive branch capacity
necessary to support the renewable energy industry's drive to
decarbonize the power sector by 2035."
Climate highlights of the request:
$600 million for 18 agencies to procure electric vehicle and
establish charging infrastructure
$2 billion to train welders, electricians, and other skilled
labor in clean energy jobs
$815 million to include climate impacts into pre-disaster
planning and projects
$1.2 billion to shore up resilience of ecosystems to wildfires,
flooding, and drought
$550 million to remediate stranded oil and natural gas wells
and abandoned coal and other hard rock mines
And $4 billion to fund research across multiple agencies
including the Department of the Interior, NASA, the National
Science Foundation, and others to better understand climate change
and inform adaptation and resilience measures.
Posted 09 April 2021 by Amena Saiyid, Senior Climate and Energy Research Analyst
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