President Joe Biden is making new efforts to formulate elements of his climate agenda that were missing from the streamlined bipartisan infrastructure agreement, including clean electricity standards aimed at decarbonizing the U.S. power sector by 2035.
The senior White House adviser wrote in a memo seen by the Financial Times that Biden plans to use the budget reconciliation process to formulate legislation, including clean power standards and various clean energy tax breaks.
According to the plan previously formulated by the White House, the standard will require power companies to increase the goal of producing carbon-free electricity. By the end of the 20th century, 80% of electricity will come from clean energy, and 100% of electricity will come from clean energy by 2035.
The move comes as the White House is looking for alternative ways to keep its climate agenda alive, after Republicans forced it to abandon most of its climate agenda. Bipartisan Infrastructure Package.
Gina McCarthy, Biden’s chief climate adviser, stated that the president “intends to work with Congress through the budget process to pass additional legislation to enable the United States to respond to climate change, create high-paying, unionized jobs, and win a clean energy future.” . Senior consultant Anita Dunn wrote in the memo.
This $1 trillion infrastructure plan The president worked with a group of moderate Republican and Democratic senators to finalize, including unprecedented federal investment in U.S. railroads and bridges, as well as launching a nationwide electric car charger network and expanding high-speed broadband access.
It does not have a Clean Electricity Standard (CES), which is the core pillar of the President’s plan to tackle climate change and put the United States on track to achieve net zero emissions by 2050.
The power sector accounts for a quarter of the country’s current carbon emissions. In the absence of other punitive measures against polluters (such as carbon taxes), analysts believe that CES is the most effective way to reduce emissions in the near term.
The memo, first reported by Axios, also indicated that the White House will try to use the settlement process to implement tax cuts on investments in renewable energy, battery storage and electric vehicles, which is another core element of Biden’s climate plan.
The budget settlement process allows legislation to be passed by a simple majority in the Senate, instead of the usual 60 votes, which means that the president can enact these measures without Republican support.
However, some analysts are skeptical that a standard can be successfully implemented through the reconciliation process, which is dedicated to tax and expenditure measures.
“Through huge tax incentives for clean energy technologies to initiate private investment and consumer demand remains the core of the President’s climate plan that must be passed, and the Democrats will pursue this goal through a settlement bill,” Paul Bledsoe, former Senate Finance Committee staffer Said it is now cooperating with the Progressive Policy Institute.
“But the fate of clean energy standards under this process is even more doubtful,” he added.
Others believe that it can pass this test by paying incentives for clean electricity. The memorandum did not elaborate on the structure of the proposal.
The White House stated that the measure has received widespread public support. In the memo, Hill and McCarthy stated that polls showed that two-thirds of the respondents supported the government’s action to transform the country into a carbon-free electricity sector by 2035.