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President Biden announced more than $6 billion in investments aimed at strengthening climate resilience in the U.S., targeting areas including the electric grid infrastructure, reducing flood risk, advancing drought resistance, and advancing community-level clean energy deployment and climate justice efforts.
We have to scale up cleantechnologies that are already commercially available and cost competitive like wind and solar energy," Biden said. International financing for clean energy and climatechange resiliency will be a focus of COP26. The president announced in September that the U.S.
Environmental Protection Agency (EPA) and totaling $20 billion, aimed at financing climate and clean energy projects at the community and small business level. According to the EPA, at least 40% of the funds from the program will be dedicated to low-income and disadvantaged communities.
Costs for a lot of those technologies are falling fast. Companies are under pressure from their customers and investors to deal with climatechange. There is no denying that another Trump presidency will stall national efforts to tackle the climate crisis and protect the environment, but most U.S.
But what may be most impressive about the IRA is how it expresses the multi-racial coalition of Democratic Congressmen and Senators’ willingness to embrace the “big structural changes” which Senator Elizabeth Warren and others have long called for, and steps towards tax fairness with the world’s wealthiest corporations.
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