WASHINGTON, DC: Researchers at the World Resource Institute say US president Joe Biden’s new US$2 trillion ‘American Jobs Plan’ is an “ambitious, inclusive and people-first foundation for a clean energy future”.
They estimate about US$1 trillion is proposed for climate change, clean energy and environmental justice projects including US$174 billion to electrify the nation’s transportation system while creating good jobs in manufacturing and construction.
This includes sales rebates and tax incentives for drivers to buy electric vehicles (EVs); building a national network of 500,000 EV chargers by 2030; electrifying the federal government fleet including the Postal Service; electrifying 50,000 transit vehicles and at least 96,000 school buses; US$85 billion to modernize and expand public transit systems and US$80 billion to support Amtrak in repairing and modernizing railways.
Biden’s plan calls for US$50 billion to improve infrastructure resilience across the electric grid, food systems, health systems, urban infrastructure and transportation infrastructure. Also included is spending on repairing highways and bridges, rather than building new roads, with a proposal to use low-carbon produced cement and steel for these projects.
The plan also advocates large-scale carbon sequestration efforts that will capture CO2 directly from emission sources and from ambient air.
The country’s natural and working lands, including forests, farms and wetlands, collectively remove 12 percent of annual US greenhouse gas emissions from the atmosphere and have the potential to remove up to one billion tons more with smart measures to promote conservation, restoration and sustainable land management.
Last year extreme weather events, including wildfires, floods and hurricanes, cost America US$95 billion in damage to homes, businesses and public infrastructure.
The WRI says Biden’s proposals “go a long way to tackle emissions from industry and manufacturing, which is the most difficult part of the economy to decarbonize”.
Congressional debate on the US$2 trillion plan is expected to last well into the summer.
Story Type: News