President Joe Biden’s budget budget proposal for 2024 includes $24 billion to fight climate change. The funds are spread across multiple federal agencies.
The majority of the spending goes toward reducing pollution, increasing conservation and disaster resilience, and advancing clean energy innovation across the country.
Progress in clean energy innovation is crucial for reducing carbon dioxide emissions in order to hit the USA’s target of cutting carbon emissions in half by 2030, and to reach net-zero emissions by 2050.
Moving quickly to decarbonize our economy and way of life is essential. According to the latest IPCC report, we may need to be reaching these targets sooner than 2050.
In Canada, the latest federal budget just released this week also commits $80 billion over the next 10 years to tax rebates for adopting and advancing clean electricity, clean technology, clean manufacturing, and carbon capture technologies.
These are #WinsForThePlanet 🙌🏼