“The climate crisis is about human security, economic security, environmental security, national security and the very life of the planet.” President Biden announced a set of new actions by his administration to address climate change.
by his administration to address climate change in a speech at the United Nations climate change conference on Friday. The new measures include pledging more than $200 million in funding for climate change resilience and adaptation in developing countries, and a new plan to reduce emissions of methane — an especially potent greenhouse gas — from oil and gas infrastructure.
Most of what Biden went on to share was a recapitulation of actions the administration has already taken, including significant investments inthrough subsidies for clean energy sources, such as wind and solar power and electric vehicles, included in the recently passed Inflation Reduction Act. These programs are projected to help cut U.S. emissions by 40% from 2005 levels by the end of this decade.
. The Inflation Reduction Act, a curtailed version of the Build Back Better initiative, left out or scaled back the prior legislation’s most ambitious climate programs.Still, the Inflation Reduction Act was the first major law passed in the U.S. to address the climate crisis. The Biden administration now hopes to bridge the gap between its prior emissions commitments through additional regulatory measures.
John Kerry, U.S. special presidential envoy for climate, and Secretary of Agriculture Tom Vilsack applaud President Biden at COP27 on Friday.
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