The House #BuildBackBetterAct includes key climate investments to reach the United States’ 2030 goals and deliver real benefits for all Americans. As Congress negotiates the bill, more than $600 billion in climate spending is on the table.
Here's what's at stake [thread]:
Here's what's at stake [thread]:
Clean Electricity Payment Program: CEPP would incentivize utilities to transition electricity generation from fossil fuels to clean energy through grants and fees. If implemented together w/ clean energy tax credits, 80% of US electricity could come from clean sources by 2030.
CEPP would be a game changer for climate and public health. More in my op-ed with Lori Bird in @thehill: thehill.com/opinion/energy…
Clean Energy Tax Incentives: The House #BuildBackBetterAct would expand, enhance, and extend key tax incentives for clean energy production, driving clean energy deployment that creates quality jobs while cutting power sector emissions.
Electric Vehicles: New funding and tax credits for building charging infrastructure and for consumers to purchase new or used EVs would accelerate the shift to #ElectricForAll, delivering cleaner air to every community.
Electric Vehicles (cont’d): The bill also includes billions in funding to electrify school buses, the federal fleet, U.S. postal service and DC fleet.
Connected Communities: To enhance access to clean and safe mobility, the bill provides grants to reconnect communities, enhance transportation equity, and incentivize strategies to reduce surface transport emissions and achieve #netzero by 2050 . numo.global/news/statement…
Natural Solutions: The bill includes major investments in wildfire mitigation and forest restoration, reforestation and resilience + workforce development through the Civilian Climate Corps to support federal restoration, conservation and rehab projects.
Building Efficiency: The bill includes funding for home energy efficiency and appliance electrification rebates, weatherization support for low-income households and funding for more climate-smart federal buildings.
Clean Fuel: The bill invests in fuels of the future, including through a new tax credit for production of clean hydrogen and funding for low-emission aviation technologies & sustainable aviation fuels.
Greenhouse Gas Reduction Fund: Invests in nonprofit, state and local climate finance institutions that support the rapid deployment of low- and zero-emission technologies. At least 40% of investments will be made to low-income and disadvantaged communities.
Industrial Decarbonization, Manufacturing, and Carbon Capture: Investments to address emissions, build US competitiveness, increase production of zero-emission vehicles and enhance tax credits for removing carbon dioxide directly from the atmosphere.
Coastal Resilience: The bill includes provisions to build coastal resilience while sequestering carbon, funds to NOAA for climate adaptation, and investment in understanding, protecting, and restoring ocean ecosystems that sequester carbon.
Along with the bipartisan infrastructure deal, these investments can help the U.S. reduce emissions by 45%, according to @SenSchumer. But to meet our 2030 target of 50-52% we need a price on carbon as well: wri.org/insights/why-c…
To the corporations that publicly supported the U.S. cutting emissions in half by 2030: We can’t achieve that goal without BOTH the #BuildBackBetterAct and the Bipartisan Infrastructure Deal. It’s time to publicly support both bills or risk the worst effects of the #climatecrisis
A new report from @ClimateVoiceOrg rates 12 of the United States’ largest pro-climate positioned companies as obstructing efforts to pass the #BuildBackBetterAct gotimeforclimate.com
Investing in #ClimateAction will pay dividends now and down the road. These investments will save consumers money and set the US on the path to an economy that is cleaner, safer, more prosperous & equitable. Congress must make these climate-smart investments now. [END]
• • •
Missing some Tweet in this thread? You can try to
force a refresh
