Biden's Last Stand: Climate Legacy and Transition Turmoil
Key Ideas
  • President Biden launches a series of climate-related actions totaling nearly $23 billion in loans for energy utilities and sets ambitious emission reduction targets by 2035.
  • Biden highlights achievements like the Inflation Reduction Act and the Bipartisan Infrastructure Law while warning of incoming challenges from climate change deniers and powerful interests.
  • The transition tensions between Biden and Trump are evident with contrasting approaches to climate policy, with Biden's nominees emphasizing a diverse energy mix.
  • Recent actions by Biden include executive orders on AI infrastructure, significant loans to energy utilities, and funding deals for clean energy projects and infrastructure improvements.
As President Joe Biden nears the end of his term, his administration is ramping up climate-related actions to secure his legacy and tackle the existential threat of climate change. With nearly $23 billion in loans for energy utilities, a ban on new offshore natural gas drilling, and a target to cut emissions by up to two-thirds by 2035, Biden is pushing aggressive environmental policies. In his farewell address, Biden touted achievements like the Inflation Reduction Act and the Bipartisan Infrastructure Law, warning of challenges from climate change deniers and powerful interests in the future. Despite tensions with incoming President Donald Trump, Biden's nominees are emphasizing a diverse energy mix to address climate change. Key recent actions include executive orders on AI infrastructure, large loans for energy utilities, and funding deals for clean energy projects and infrastructure enhancements. While Biden's initiatives face possible rollback under Trump, investments under the IRA and BIL are less vulnerable due to their integration into the market, benefiting areas that traditionally support Republicans.
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