Biden throws weight of US government behind clean energy. President’s $2tn spending package represents unprecedented state effort on greener economy. When Barack Obama pumped $90bn into wind turbines, solar panels and batteries as part of his efforts to kickstart the US economy after the 2008 crash, his administration boasted of the “largest single investment in clean energy in history”. Joe Biden, then vice-president, wants to dwarf his former boss’s legacy. The president on Wednesday announced a proposal to inject almost ten times that figure into clean energy, as he uses a $2tn infrastructure drive to make good on his pledge to set America on a path to a greener future. Biden has singled out climate change as one of the top priorities for his administration and has already issued a number of executive orders, rejoining the Paris agreement, scrapping the Keystone XL oil pipeline and suspending new oil and gas leases on public land.
FT 3rd April 2021 read more »
The Biden administration’s plans for a clean electricity standard to boost green energy will include nuclear power and carbon capture technology, White House climate adviser Gina McCarthy said yesterday. Speaking with reporters as the White House began to make a pitch for the president’s $2 trillion infrastructure plan, McCarthy said the administration considers a clean energy standard an integral part of its effort to reach zero carbon emissions. Granholm and Buttigeig have already begun the sales job. Buttigeig yesterday cited the Texas power outages to push back against Republican criticism that the plan doesn’t spend enough on traditional infrastructure projects like roads and bridges. Biden has cast the proposal as a jobs bill, and Granholm cited carbon capture technology as a potential job opportunity for fossil fuel workers. “The technologies that are coming out of our Department of Energy labs are technologies that can be attached to a lot of the gas, the oil … to reduce carbon,” she said. “And they can use those skills, in addition to making sure that we continue to have fossil fuels.”
E&E News 2nd April 2021 read more »
Will Hutton: ‘It’s bold, yes, and we can get it done.” So declared President Joe Biden launching his $2tn plan last week to overhaul US infrastructure – ranging from fixing 20,000 miles of roads to remaking bridges, ports, water systems and “the care economy”, care now defined as part of the country’s infrastructure. Also included is a vast uplift in research spending on eliminating carbon emissions and on artificial intelligence. And up to another $2tn is to follow on childcare, education and healthcare, all hot on the heels of the $1.9tn “American Rescue Plan”, passed just three weeks ago. Cumulatively, the scale is head-spinning. Historians and politicians are already comparing the ambition with Roosevelt’s New Deal or Lyndon Johnson’s Great Society programme. In British terms, it’s as though an incoming Labour government pledged to spend £500bn over the next decade with a focus on left-behind Britain in all its manifestations – real commitments to levelling up, racial equity, net zero and becoming a scientific superpower.
Observer 4th April 2021 read more »