Category Archives: Climate Action

Biden Administration, Climate Action, Climate Change, Joe Biden, News & Photo Features

FACT SHEET: President Biden Sets 2035 Climate Target Aimed at Creating Good-Paying Union Jobs, Reducing Costs for All Americans

The U.S. Nationally Determined Contribution (NDC) is an economy-wide, all greenhouse gas target of reducing net emissions by 61-66 percent below 2005 levels in 2035
 
The emissions reduction strategy includes leveraging landmark investments from the Inflation Reduction Act and Bipartisan Infrastructure Law, complemented by federal standards; coordinating with local, state, Tribal, and territorial governments; and mobilizing private capital

New York City gets ready for congestion pricing. As the United States continues to accelerate the transition to a clean energy economy, President Biden is announcing a new climate target for the United States: a 61-66 percent reduction in 2035 from 2005 levels in economy-wide net greenhouse gas emissions. It keeps the United States on a straight line or steeper path to achieve net-zero greenhouse gas emissions, economy-wide, by no later than 2050. © Karen Rubin/news-photos-features.com

In 2015, the world came together to finalize the Paris Agreement, an historic agreement joined by nearly every country in the world to address the climate crisis and protect the planet for future generations. On Day One of his Administration, President Biden fulfilled his promise to rejoin the Paris Agreement and set a course for the United States to tackle the climate crisis at home and abroad. In 2021, pursuant to the terms of the Paris Agreement, President Biden submitted a nationally determined contribution (NDC) with a target of reducing U.S. greenhouse gas emissions 50-52 percent from the 2005 baseline in 2030.
 
Today, as the United States continues to accelerate the transition to a clean energy economy, President Biden is announcing a new climate target for the United States: a 61-66 percent reduction in 2035 from 2005 levels in economy-wide net greenhouse gas emissions. It keeps the United States on a straight line or steeper path to achieve net-zero greenhouse gas emissions, economy-wide, by no later than 2050. In connection with this announcement, the United States is making a formal submission of this new target to the United Nations Climate Change secretariat as its next NDC under the Paris Agreement.
 
To develop the U.S. 2035 NDC, the Biden-Harris Administration analyzed how every economic sector – power generation, buildings, transportation, industry, agriculture and forestry– can spur innovation, unleash new opportunities, drive competitiveness, and cut pollution. Additionally, the United States anticipates, as part of achieving its 2035 NDC emissions target, methane reductions of at least 35 percent from 2005 levels in 2035. Cutting methane emissions is among the fastest ways to reduce near-term warming and is an essential complement to CO2 mitigation.
 
This 2035 NDC aligns with President Biden’s target of a net zero greenhouse gas economy no later than 2050 and marks an ambitious capstone to President Biden’s climate legacy, focused on investment, innovation, creating millions of good-paying and union jobs, building the clean energy economy of the future, reducing costs for all Americans, advancing environmental justice, and improving the health and security of communities across America. There are multiple paths to reach these targets, and U.S. Federal, state, local, territorial, and Tribal governments have numerous tools available to work with civil society and the private sector to mobilize investment in the years ahead while supporting a stronger, fairer economy.
 
Momentum from President Biden’s Climate and Economic Agenda
 
Since President Biden announced the 2030 NDC in April 2021 to reduce emissions 50-52% by 2030, the United States has designed and implemented a historic climate strategy that leverages emissions reduction and economic growth in every region of the country. Advanced through thousands of policies and actions undertaken by federal, state, territorial, Tribal, and local governments, the strategy includes passage of the landmarks Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA), paired with strategic implementation of a regulatory agenda to ensure emissions reductions across every sector of the economy. This approach has equipped federal, state, territorial, Tribal, and local governments with additional resources and regulatory certainty to partner with the private sector to grow a new clean energy economy that benefits American workers and consumers. Implementation of this broad and comprehensive strategy has already led to more than $450 billion of private sector investment in domestic clean energy and manufacturing projects. This progress will accelerate as the Biden-Harris climate agenda continues to drive a wide range of investments in clean energy deployment and manufacturing in the years ahead. Examples include:
 

  • Arizona has added over 370,000 new jobs, and unleashed more than $120 billion in private sector investment. Investments include $5.5 billion to build a battery facility outside Phoenix that will produce batteries for 350,000 electric vehicles per year.
    • California has added over two million new jobs and more than $45 billion in private sector manufacturing and clean energy investment, including a $4 billion Gigafactory to produce lithium-ion batteries in Imperial Valley.
    • Georgia has added nearly half a million new jobs and mobilized more than $40 billion in private sector investment. Qcells is investing $2.5 billion to expand its solar panel and component manufacturing capacity in Dalton and Cartersville.
    • Maryland has added over 160,000 new jobs, and attracted more than $2.7 billion in private sector investment, including a $350 million investment from Constellation Energy to increase the output and lifespan of its renewable energy portfolio.
    • Pennsylvania has added more than 560,000 new jobs and unleashed nearly $4.3 billion in private sector investment, including a $500 million investment by Eos Energy Enterprises to expand battery manufacturing operations in Turtle Creek, supported by a loan guarantee from DOE’s Loan Programs Office.
    • Wisconsin has added more than 188,000 new jobs and $5.4 billion in private sector manufacturing and clean energy investments, including $426 million for the state’s first large-scale solar and battery storage project outside Milwaukee.

These investments and many more tell a clear story: the clean energy revolution is being built in America, and that will not be reversed.
 
Fundamental Economic and Technological Trends
 
Over the past four years the prices of clean energy generation and infrastructure have fallen dramatically. President Biden’s economic agenda, supported by complementary subnational government actions and private sector innovation, has reshaped the energy landscape now and for future generations so that American consumers and workers will benefit, especially in energy communities that have historically powered our nation. Along with the boom in domestic investments, technological advances across the energy sector are also making the U.S. clean energy revolution irreversible, including:
 

  • Clean Energy Generation. The levelized cost of utility-scale solar photovoltaic (PV) and onshore wind are dropping rapidly. In 2024, estimates for utility-scale solar PV and onshore wind are as low as $29 per megawatt hour and $27 per megawatt hour, respectively. On a levelized-cost basis, utility-scale solar is now broadly on par with fossil fuel sources, even before accounting for the environmental and public health benefits. A recent analysis indicates that 99 percent of all U.S. coal plants are more expensive to continue running than to replace with solar, wind, and energy storage resources. Geothermal power generation capacity is also accelerating, with 203 megawatts commissioned globally in 2023, up 12 percent from 2022. Recent technological advances, particularly in drilling, indicate the industry is on track to an average cost of $60-70/MWh by 2030 and $45/MWh by 2035. New enhanced geothermal capacity is already slated to meet the clean electricity demands of new industries. And the recent completion of the Vogtle nuclear power plant in Georgia, the nation’s first new nuclear reactors in over 30 years, as well as planned revitalizations of existing reactors, progress on advancedreactor technologies, and new private sectordemand, are all signs of further progress expanding nuclear power capacity ahead.
    • New and Better Transmission. Expanding and enhancing the U.S. transmission system is critical to the nation’s resilience and national security. Significant expansions of new and upgraded transmission lines by public and private sector entities, including SunZia Transmission in New Mexico, will facilitate the transmission of clean energy across the United States. Meanwhile, a new generation of modern grid technologies provides a significant opportunity to achieve power system capacity expansion, including through high-performance conductors that can carry two times (or more) the amount of power of conventional transmission wires, as well as grid enhancing technologies that maximize electricity transmission across the existing system through a family of technologies that includes sensors, power flow control devices, and analytical tools.
       
    • Battery Storage. Utility-scale battery storage has the potential to provide much-needed flexibility that supports renewable energy sources, and helps address grid infrastructure challenges. Between 2010 and 2023, the cost of utility-scale battery storage projects declined by 89%, to $273 per kilowatt hour, driven by improvements in manufacturing, materials efficiency, and manufacturing processes. Storage capacity additions also increased significantly, with additions of 22 gigawatt hours (GWh) in 2023. As the private sector continues to invest in new battery technologies and manufacturing processes, battery storage costs will continue to decline, supporting the clean energy economy of the future.
       
    • Energy Efficiency. Improvements in energy efficiency can cut pollution and save Americans on their energy and water bills. The Biden-Harris Administration has strengthened energy efficiency standards to save households and businesses money, with standards updated by DOE for dozens of appliances expected to provide nearly $1 trillion in consumer savings over 30 years, saving the average household more than $100 a year while also reducing greenhouse gas emissions by more than 2 billion metric tons. Efficient equipment such as heat pumps powered by clean electricity are already making heating, cooling, and hot water more affordable for a growing number of American homes. 2022 marked the first year that heat pump sales outpaced fossil fuel furnaces in the US; in 2023, heat pumps outsold gas furnaces by 27 percent, demonstrating the technology’s growing popularity with consumers. When paired with energy efficiency improvements, like insulation, heat pumps lower the cost of heating and cooling, while improving indoor and outdoor air quality.
  • Clean Steel and Clean Concrete. Producing steel and concrete, fundamental building blocks of the modern economy, accounts for more than 15 percent of global greenhouse gas emissions. Clean steel and concrete are already being produced in the United States. Major steelmakers are now using Inflation Reduction Act investments to build and retrofit American steel facilities to produce cleaner steel. Innovative low carbon methods for concrete production can reduce emissions by eliminating the need for high temperatures or through the use of alternative low carbon feedstocks. These innovative concretes are more durable and stronger than conventional concrete, improving the performance of infrastructure investments and resulting in long term savings. As clean hydrogen and clean electricity prices continue to fall, producers will be able to further slash emissions using these cleaner inputs.
    • Clean Hydrogen. Hydrogen has the potential to reduce emissions across a host of sectors, including transportation and heavy industry. Key cost drivers of green hydrogen production, including the capital expenditure for electrolyzers and the price of renewable energy, are expected to decline in years ahead due to economies of scale, delivering green hydrogen at a lower price point. Combined, these two cost declines could translate to a significant reduction in green hydrogen production costs, from $3-6 per kilogram today to $1.50 – 2 by 2035.
  • Clean Cars and Trucks. Electric vehicles (EVs) are already selling at a record pace in the United States, supported by falling component prices as well as fuel and maintenance cost savings for consumers. From 2018 to 2022, the sales-weighted average price of electric cars decreased, and the price gap between internal combustion vehicles and EVs has begun to close. Through 2035, falling EV component prices will drive down the purchase price for EVs and bring new customers to the EV market. For instance, battery prices are set to fall by as much as 50 percent through 2026 thanks to improved technology and expanded production of key inputs. Federal standards support these market developments: the strongest-ever national pollution standards for passenger cars and heavy-duty vehicles are providing certainty for the automobile industry, catalyzing private investment, creating good-paying union jobs, improving public health, and expanding consumer choice in clean vehicles.
  • Federal Sustainability. With broad support from America’s manufacturers, clean energy developers, labor organizations, business leaders, states, and communities, the Federal Government’s 300,000 buildings, 600,000 vehicles, and $750 billion in annual procurement power will continue to be more sustainable and resilient while supporting good jobs, cutting costs, and saving taxpayers money.

 
Action and Leadership from state, local, Tribal, and territorial governments
 
State, local, Tribal, and territorial governments in the United States have a long history of climate leadership that has laid the groundwork for subsequent federal action, including the Inflation Reduction Act. Many critical climate levers, especially in the transportation, electricity, and building sectors, lie largely within the domain of these governments. In the years ahead, leveraging and expanding the new clean energy economy enabled by the Biden-Harris Administration’s policies and bolstered by strong economic tailwinds supporting clean energy, these governments will ensure that the United States remains all-in on climate action. States, territories, cities, counties, and Tribal governments together have the capacity to step in and deliver on climate ambition. In the years ahead, we expect that subnational and Tribal governments will adopt new and strengthen existing climate-forward policies such as:
 

  • Climate Action Plan Implementation: Through support from the Inflation Reduction Act, more than 45 states and more than 200 Tribes, territories, and metro areas have now developed their own Climate Action Plans, representing a historic set of opportunities for subnational climate progress across sectors. More than $4 billion of Climate Pollution Reduction Grants awarded by the Biden-Harris Administration will also advance 59 implementation projects across 30 states, 33 Tribal Nations, and 1 territory to reduce climate pollution from every sector of the economy. Many of these projects can be expanded and provide examples that other states, local governments, Tribes, and even businesses can replicate in their work to tackle the climate crisis.
    • Innovative Solutions to Cut Pollution from the Existing Transportation Systems. California, Washington, and Oregon have developed and implemented, or started to implement, programs that reduce emissions from the transportation sector through a predictable, market-based approach, generating climate and local-air quality benefits for residents and communities. New York City and State adopted and implemented the country’s first-ever congestion pricing program, which will reduce climate pollution and provide a stable funding source for mass transit. Other states have the opportunity to build on these successful policy initiatives in their own jurisdictions.
       
    • Renewable Portfolio Standards (RPSs) and Clean Energy Standards (CESs). Today, twenty-five states and the District of Columbia have set RPSs and eight others have adopted CESs, which will increase the generation of low- and zero-carbon electricity. Adoption of these standards by additional states, as well as the strengthening of existing standards, provides significant upside for reducing climate pollution.
       
    • Building Energy Codes. Many subnational governments have already adopted or are in the process of adopting the most up-to-date energy codes to ensure new building construction is energy efficient and lowering emissions for years to come. Subnational governments are also reducing energy costs and emissions in existing buildings, with almost 25 percent of commercial buildings subject to a building performance standard or located in a community with plans to adopt building performance standards.
       
    • State Procurement of Low-Carbon Materials. The Biden-Harris Administration’s landmark Federal Buy Clean Initiative leverages the sway of the U.S. government, as the largest purchaser on Earth, to spur demand for clean American manufacturing of materials that form the bedrock of our economy. Thirteen states have joined the Federal-State Buy Clean Partnership and committed to prioritizing efforts that support procurement of lower-carbon infrastructure materials in state-funded projects. These states can continue to work together to send a clear, harmonized demand signal to the marketplace for the long-term decarbonization of essential industries.
       
    • Financing Climate Solutions. With support from the Inflation Reduction Act’s Greenhouse Gas Reduction Fund (GGRF), the national network for financing clean energy and climate solutions across sectors is larger than ever before. The National Clean Investment Fund awardees are establishing national clean financing institutions that deliver accessible and affordable financing for clean technology projects nationwide, and the Clean Communities Investment Accelerator awardees are establishing hubs that provide funding and technical assistance to community lenders working in low-income and disadvantaged communities.
       
    • State and Regional Efforts to Cap Emissions. 15 states and Puerto Rico have binding economy-wide emissions targets in law, covering more than 115 million Americans across the country. Voters in Washington State recently upheld a groundbreaking law requiring companies to cut carbon emissions while investing in programs that benefit the public, such as habitat restoration and climate adaptation. This recent success builds on initiatives such as the Regional Greenhouse Gas Initiative (RGGI), a regional program that requires certain power plants to acquire allowances for every ton of CO2 emitted.

In the years to come, leadership will come from all across American society – cities and states, Tribes and territories, small and big businesses, working communities, individual Americans and the private sector working together to seize the economic opportunity, create jobs, and build the clean energy economy. This new clean energy economy, enabled by the forward-looking policies of this Administration, will continue to grow – and the United States will continue to create good jobs and cut carbon pollution right here at home.

Biden Administration, Climate Action, Climate Change, Energy, Infrastructure, Jobs, Manufacturing, News & Photo Features

Memo to America: Biden’s Investing in America Policy to Building Sustainable Economy Has Generated $1 Trillion in Private Sector Investment in Clean Energy, Manufacturing

More than 3.4 million American families have already saved $8.4 billion on home clean energy upgrades, thanks to the Inflation Reduction Act. Three million more households in America have high-speed internet today than when President Biden took office. There are already more than 74,000 infrastructure and clean energy projects underway across the country, funded by the Bipartisan Infrastructure Law, CHIPS and Science Act, and Inflation Reduction Act. That includes 11,400 bridge projects, 196,000 miles of roads under repair, and 376,000 lead pipes already replaced, benefitting nearly 1 million people. Millions of seniors are benefitting from the $35 cap on the cost of insulin, and the cap on out-of-pocket prescription drug costs for Medicare beneficiaries has already saved 1.5 million seniors nearly $1 billion in the first half of 2024, with Medicare beneficiaries feeling the full benefits starting in January. © Karen Rubin/news-photos-features.com

People said they voted against Kamala Harris because they were just so so very upset about inflation, how they were suffering in this terrible economy, so voted for the guy who not only had no policy, plan or program to address inflation or high prices, but whose stated Project 2025 policies (tariffs) would hurt the economy, jobs and prices. But I am wondering how bad the economy really could be if holiday spending is already up 9%, malls and online sites are seeing massive increases in shoppers, there is record travel on the roads and through airports. Oh, by the way, gas prices are around $3 or less a gallon – close to 2019; – and inflation has fallen below 2.3% for the year, comparable to 2019, while REAL wage increases (that is increased income compared to inflation) are up on average $4000; Thanksgiving meal prices are down. But those working class people (suckers) who think that Trump will give them a better deal? Are you kidding or just really willfully ignorant? Have you seen the billionaires, kleptocrats, oligarchs (not to mention the misogynists, sexual predators and felons) he is installing in power? They are already salivating at shutting down the National Labor Relations Board, ending food and product safety regulation, environmental protection, restricting food stamps and vaccinations for poor children and cutting Medicare and Social Security, while serving up deeper tax cuts for the wealthiest individuals (the top 0.1% already control more wealth than 50 percent of the country) and corporations, already sitting on record profits from price-gouging.

Biden’s Deputy Chief of Staff offered this memo “to interested parties” on what President Biden accomplished that I’m betting 99.9% of Americans have no clue about $1 TRILLION in private sector investment in clean energy and manufacturing since President Biden and Vice President Harris took office because of Biden’s Investing in America agenda, Bipartisan Infrastructure Law, CHIPS and Science Act, Inflation Reduction Act – all of which Republicans tried to block, obstruct, sabotage and now threaten to repeal.It’s like the way Republicans were able to generate hostility to Obama’s Affordable Care Act in order to win the 2010 midterms and how Obamacare has become so popular and important in people’s lives, but Trump and the MAGA Republicans are still keen to repeal it, leaving millions without healthcare desperate and insecure – Karen Rubin, news-photos-features.com

On the success of $1 trillion in investment due to his policies and approach to building a sustainable economy “from the bottom up and the middle out,” President Biden stated:

When I took office, the pandemic was raging and the economy was reeling. From Day One, I was determined to not only deliver economic relief, but to invest in America and grow the economy from the middle out and bottom up, not the top down.

Over the last four years, that’s exactly what we’ve done. We passed legislation to rebuild our infrastructure, build a clean energy economy, and bring manufacturing back to the United States after decades of offshoring. Today I’m proud to announce my Investing in America agenda—the Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction Act—has helped attract over $1 trillion in announced private-sector investments. These investments in industries of the future are ensuring the future is made in America, by American workers. And they’re creating opportunities in communities too often left behind.

Over 1.6 million construction and manufacturing jobs have been created over the last four years, and our investments are making America a leader in clean energy and semiconductor technologies that will protect our economic and national security, while expanding opportunities in red states and blue states.

Today, thanks to my Investing in America agenda, businesses around the world are investing in America—which is good news for American workers and American businesses—and we’re positioned to win the economic competition for the 21st century.

To: Interested Parties

From: Natalie Quillian, White House Deputy Chief of Staff

MEMO: President Biden’s Investing in America Agenda’s Growing Durability and Popularity

When President Biden and Vice President Harris came into office, America was in the midst of a deadly pandemic and our economy was reeling. Since then, President Biden and Vice President Harris have overseen one of the most successful administrations in history and will be leaving behind the best economy in the world.

Under President Biden and Vice President Harris’ leadership, 16 million jobs have been created, and we’ve gotten women and people of color back in the labor force at record rates. A record 20 million new business applications have been filed, and inflation is down to near pre-pandemic levels. These outcomes are due in part to our success in passing and implementing legislation that rebuilt our nation’s infrastructure, made the largest investment in climate action in history, lowered prescription drug costs, and spurred a manufacturing renaissance. Together, the American Rescue Plan, the Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction Act – the Biden-Harris Administration’s Investing in America agenda – are reshaping our economy. And as of today, that agenda has helped spur over $1 trillion in private sector investment in clean energy and manufacturing since President Biden and Vice President Harris took office.

The level of private sector investment seen under this administration is unprecedented. Business leaders have called the boom in private investment “nothing short of extraordinary,” and have said the United States’ economy is “among the best performing economies” in decades. It is driving a manufacturing renaissance across the country and onshoring new and growing industries such as semiconductors, solar, batteries, and more. It’s also helping rebuild communities and create opportunity in places that were overlooked or left behind by public and private investment for far too long.

As of today, the Department of Commerce has announced over two dozen preliminary or final agreements with semiconductor manufacturing companies to create American-made chips in Phoenix, Arizona; Columbus, Ohio; Taylor, Texas; Syracuse, New York, and more, spurring over $400 billion in private investment that will create at least 125,000 jobs. Over $119 billion in investments in EVs and batteries and $122 billion in clean power have been announced in just the two years since the Inflation Reduction Act was signed. Recent announcements show these investments have continued at a steady pace. For example, in the last month alone, SolarCycle announced it would invest $400 million in Georgia for the largest solar panel recycling facility in the country, MainSpring Energy announced it would match an $87 million grant from the Department of Energy to manufacture power generators in Allegheny County, PA, and Microporous announced a $1.35 billion investment to create 2,000 jobs building battery separators in southern Virginia.

In addition to private investment, the Biden-Harris Administration has been implementing these laws quickly, effectively and equitably since the day the first Investing in America bill was signed. Due to that effort, there are already more than 74,000 infrastructure and clean energy projects underway across the country, funded by the Bipartisan Infrastructure Law, CHIPS and Science Act, and Inflation Reduction Act. That includes 11,400 bridge projects, 196,000 miles of roads under repair, and 376,000 lead pipes already replaced, benefitting nearly 1 million people. More than 3.4 million American families have already saved $8.4 billion on home clean energy upgrades, thanks to the Inflation Reduction Act. Three million more households in America have high-speed internet today than when President Biden took office. Millions of seniors are benefitting from the $35 cap on the cost of insulin, and the cap on out-of-pocket prescription drug costs for Medicare beneficiaries has already saved 1.5 million seniors nearly $1 billion in the first half of 2024, with Medicare beneficiaries feeling the full benefits starting in January.

To date, the Biden-Harris Administration has announced awards for 98% of Investing in America funding available for us to spend by the end of fiscal year 2024. Departments and agencies are running through the tape – announcing more awards, finalizing contracts and grant agreements, and accelerating permitting timelines. For example, the Department of Transportation executed more than twice as many grant agreements compared to the prior administration, completed 20 percent more environmental reviews in the transportation sector, and cut the time it takes to complete environmental assessments for transportation projects by one third.

These programs and projects mean real benefits for people across the country. It’s why as we continue to implement the Investing in America agenda, we see these programs grow in popularity even among skeptics, suggesting that the transformation of the U.S. economy is here to stay. For example:

  • Nearly 8 in 10 Americans support keeping the Inflation Reduction Act’s $35 per month cap on the cost of insulin for seniors, including 76% of Republicans.
  • A Reuters/Ipsos poll found that 88% of Americans support the Administration’s work building or repairing our nation’s roads, bridges, rail lines, ports and other infrastructure.
  • Outside groups have found that the majority of private sector investments spurred by Inflation Reduction Act’s tax credits are going to red districts, and 57 percent of the new clean energy jobs created since the Inflation Reduction Act passed are located in Congressional districts represented by Republicans.

The progress we’ve made, however, represents only a fraction of the full impact of this agenda. As the President said earlier this month, the impacts of this historic agenda “will be felt over the next 10 years.” If future Administrations continue to implement at the pace we have, people across the country will enjoy the benefits of safer water, cleaner air, faster internet, and smoother commutes.  For example, by the end of 2026, the country is on track to have launched repairs on a total of over 356,000 miles of highway and over 20,800 bridges with funding from the Bipartisan Infrastructure Law. By the end of 2028, communities will replace more than one million toxic lead pipes, bringing clean water to over 2.5 million people and protecting the health and safety of children and families.  And by 2030, 6 million more households and small businesses will have access to affordable, reliable, high-speed internet.

Also, major projects we’ve funded will be completed in the coming years. For example, TSMC’s first Arizona factory will fully open in early 2025 and for the first time in decades, an American manufacturing plant will produce leading-edge chips. Service on the Brightline West High Speed Rail System, connecting Las Vegas, Nevada to Rancho Cucamonga, California, is on track to start in 2028, in time for the Los Angeles Olympics. A project to replace Michigan’s outdated I-375 freeway will be completed in the same year.

Over the coming months, the Biden-Harris Administration will continue the critical work of implementing the Investing in America agenda by announcing more awards, finalizing contracts and grant agreements, and making sure these investments are reaching the American people. While the full effects won’t be realized for years to come, it’s clear that the Investing in America agenda – and its impacts on the economy, on communities, and on American families – is here to stay.

Biden Administration, Climate Action, Climate Change, News & Photo Features

FACT SHEET: Biden-Harris Administration Leverages Historic U.S. Climate Leadership at Home and Abroad to Urge Countries to Accelerate Global Climate Action at COP29

Solar panels and sustainable agricultural practices in upstate New York. At COP29, the Biden-Harris Administration is highlighting global economic opportunities afforded by accelerating climate action in this decisive decade and will announce new initiatives to galvanize global efforts to keep a resilient, 1.5°C future within reach. © Karen Rubin/news-photos-features.com

This fact sheet on how the Biden-Harris Administration is leveraging its historic U.S. climate leadership at home and abroad to urge countries at the 29th U.N. Climate Change Conference (COP29)  to accelerate their global climate action  is provided by the White House:

Since Day One, President Biden has treated climate change as not only one of the greatest challenges of our time, but also as a once-in-a-generation opportunity to unleash a new era of economic growth, good-paying union jobs, historic investment, and energy security. The United States heads into the 29th U.N. Climate Change Conference (COP29) in Baku, Azerbaijan with a four-year record of spearheading the most significant climate action in history at home and leading efforts to tackle the climate crisis abroad.  At COP29, the Biden-Harris Administration will highlight global economic opportunities afforded by accelerating climate action in this decisive decade and will announce new initiatives to galvanize global efforts to keep a resilient, 1.5°C future within reach.

At home, actions like the Inflation Reduction Act (IRA) – the largest ever investment by any country in clean energy and climate action – and Bipartisan Infrastructure Law (BIL) have unleashed an unprecedented wave of investment and ignited a clean manufacturing boom.  These actions have stimulated over $450 billion in announced private investment in clean energy manufacturing and deployment since the start of the Biden-Harris Administration and created over 330,000 clean energy jobs in just over two years, with an additional 1.5 million jobs projected to be created over the next decade.  Hard-hit communities are reaping the biggest economic benefits – since the IRA passed, 75% of private clean energy investments have occurred in counties with lower than median household incomes, and clean energy investment in energy communities has doubled. This government-enabled, private-sector led approach, complemented by increased action from state and local governments, has set the United States on a path to achieve our 1.5°C-aligned emissions target under the Paris Agreement.  And historic investments in climate and disaster resilience are making communities across the country safer and stronger in the face of extreme weather events, which we know are getting more frequent and more dangerous because of climate change.
 
The investments the United States is making at home are catalyzing progress abroad, lowering the cost of clean energy for everyone and saving hundreds of billions of dollars globally.  The IRA is projected to produce more than $5 trillion in global economic benefits from reduced climate pollution between now and 2050.  Over the next seven years, according to analysis from the Department of Energy (DOE), twice as much U.S. wind, solar, and battery deployment is expected than would have been without the IRA.  This progress complements U.S. efforts to rally other countries to accelerate the clean energy transition and enhance their climate ambition.
 
At COP29, the U.S. delegation will promote U.S. efforts to seize the economic opportunities of the clean energy transition, address the risks climate change poses to our national security, and accelerate climate action in this decisive decade.  Key announcements include:
 

  • Powering Forward with Ambitious Domestic Climate Action – by announcing the finalization of a new rule to reduce economically wasteful methane emissions; establishing new, bold targets for expanding U.S. nuclear energy capacity and releasing a framework to achieve them; and highlighting new actions to unlock potential for a new source of clean baseload power: enhanced geothermal.
  • Accelerating Global Climate Action to Keep the 1.5°C Goal Within Reach – by driving progress on reducing methane and other high-impact non-carbon dioxide (CO2) greenhouse gas (GHG) emissions (“super pollutants”) at a COP29 Summit on Methane and Non-CO2 GHGs alongside China and Azerbaijan and announcing new efforts to implement the over $1 billion in grant funding unveiled at COP28 as part of the Methane Finance Sprint; by announcing new members of the Carbon Management Challenge that President Biden launched in 2023; and by announcing new investments and initiatives to help partners transition away from unabated coal, deploy renewables, and reduce emissions in hard-to-abate sectors.
  • Mobilizing Finance at Scale – including by scaling up U.S. international climate finance for developing countries from $1.5 billion in FY21 to $9.5 billion in FY23, a more than sixfold increase that was enabled by record-high levels of investment across the USG, including the U.S. International Development Finance Corporation (DFC) and the Export-Import Bank of the United States (EXIM).  This increase puts the United States on track to meet President Biden’s pledge to work with Congress to scale up our support to over $11 billion per year by 2024.  The United States is also announcing a new $1 billion guarantee for the Asian Development Bank’s (ADB) Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), which will unlock over $4.5 billion in investment, and supporting the launch of the Climate Investment Funds Capital Markets Mechanism, which is projected to raise $5 billion or more over 10 years.
  • Bolstering Global Climate Resilience – by scaling up U.S. support for vulnerable developing countries to over $3 billion in FY23 to implement the President’s Emergency Plan for Adaptation and Resilience (PREPARE), achieving President Biden’s pledge to do so by 2024 one year early; by expanding access to cutting-edge climate information, data, and early-warning systems in over 80 countries; and by marshalling over $3 billion in additional resources since 2022 from 40 U.S. and global companies and partners in response to the PREPARE Private Sector Call to Action.
  • Advancing Women’s and Girls’ Leadership in Tackling the Climate Crisis – by announcing new investments to support the Women in the Sustainable Economy (WISE) Initiative, a public-private partnership launched by Vice President Harris in 2023 through which the United States has galvanized over $2 billion in commitments by governments, private sector companies, foundations, and civil society to bolster women’s economic participation in sectors such as clean energy, fisheries, recycling, forest management, and environmental conservation.

 
POWERING FORWARD WITH AMBITIOUS DOMESTIC CLIMATE ACTION

  • Reducing Wasteful Methane Emissions – Today, the U.S. Environmental Protection Agency (EPA) announced a final rule to reduce methane emissions from the oil and gas sector, following the directive from Congress in the IRA to collect a Waste Emissions Charge to better ensure valuable natural gas reaches the market rather than polluting the air.  Today’s final rule delivers on this directive and incentivizes companies to take near-term action to conserve valuable energy resources and reduce methane emissions – a potent GHG that is responsible for approximately one-third of the global warming we are now experiencing. EPA estimates that this rule alone will result in cumulative emissions reductions of 34 million metric tons CO2-equivalent by 2035, with cumulative climate benefits of up to $2 billion. Today’s final rule is just one of more than 100 actions that U.S. Federal agencies have taken in 2024 alone to sharply reduce methane emissions under the U.S. Methane Emissions Reduction Action Plan, helping to deliver on the Global Methane Pledge. U.S. actions this year have included plugging leaks and regulating emissions in the oil and gas sector, remediating pollution from abandoned coal mines, curbing food waste and emissions from agriculture practices, investing in cleaner industrial processes and buildings, and building a new, integrated system of satellite, aerial, and on-the-ground detections to stop major methane emissions events.
  • Establishing Bold Targets for Expanding Domestic Nuclear Energy and Announcing  a Framework for Action to Achieve Them – acknowledging the crucial role that nuclear power will play to support energy security and clean economic growth, the United States is establishing a national goal to build 200 GW of new nuclear power generation capacity by 2050, as our Nation’s contribution to the global “Declaration to Triple Nuclear Energy” from 2020 levels endorsed by 25 countries at COP28.  The United States is also establishing nearer-term targets to jumpstart the expansion of nuclear energy deployment with 35 GW of new domestic nuclear energy capacity built or under construction by 2035 and ramping-up to a sustained pace of producing 15 GW per year by 2040.  These targets are part of “Safely and Responsibly Expanding U.S. Nuclear Energy to Tackle the Climate Crisis and Invest in America: Deployment Targets and a Framework for Action” that establishes a set of guiding principles for successfully scaling up nuclear energy in the United States in a manner that advances core values and commitments—including ensuring public health and safety protecting the environment, ensuring energy affordability, meaningfully engaging with communities and delivering local community benefits, honoring Tribal sovereignty, advancing environmental justice, and promoting national security.  The Framework also and identifies more than 30 key actions the U.S. government can take, along with the U.S. nuclear energy industry, power customers, and civil society, to meet this moment.  To help inform implementation of this Framework, the Administration is launching Tribal consultation and will issue a Request for Information to ensure that governmental, public and community engagement inform implementation of this Framework.
  • Doubling the Number of Scalable Clean Baseload Power Sources by Rapidly Commercializing Geothermal Energy – The Administration’s recent actions are enabling enhanced geothermal to become a key source of clean baseload power and heat in the United States. Last month, the U.S. Bureau of Land Management approved in record time the development of the world’s largest next-generation geothermal project, which has the potential to generate up to 2 GW, proposed a new environmental review tool to facilitate confirmation of geothermal resources on federal lands, and hosted the largest lease sale of federal lands for geothermal electricity projects in more than 15 years. This year, the Department of Energy (DOE) also made the first federal investment of $60 million under BIL to support novel demonstration projects for next-generation geothermal technologies. As a result of these efforts, within one year of the first 3.5 MW enhanced geothermal project’s delivery of power in November 2023, over 600 MW of power purchase agreements have been signed for geothermal power using this pioneering technology—presenting new pathways to leverage oil and gas industry expertise and workforces to support a robust, resilient, and secure energy grid with good jobs.
  • Leading by Example by Reducing U.S. Government Emissions – by announcing a new suite of actions to reduce the U.S. government’s indirect (“Scope 3”) emissions and engage other governments and suppliers.  This includes launching a new target to reduce the Federal Government’s Scope 3 emissions by 30% by 2030 – the equivalent of 40 million metric tons of CO2 annually – and releasing the first comprehensive measurement of the federal Scope 3 footprint. The United States is also launching the Government Scope 3 Alliance, a coalition of national and state governments whose members commit to set Scope 3 targets for government operations and report annually on progress.
  • Releasing a National Marine Carbon Dioxide Removal Research Strategy – Today, the White House is releasing a new national strategy to advance research on the benefits, risks, and tradeoffs associated with marine carbon dioxide removal, a set of innovative technologies that could help address the climate crisis in concert with substantial cuts to carbon emissions.  Marine CO2 removal uses ocean processes to increase the amount of atmospheric carbon dioxide the ocean removes from the atmosphere, but it requires additional research to determine if it is a safe and effective climate tool.  The strategy, which responds to a key objective of the Ocean Climate Action Plan, provides recommendations to guide accountable research, ensure community engagement, and clarify the regulatory process for scientific researchers.

ACCELERATING GLOBAL CLIMATE ACTION
 
President Biden has rallied world leaders to accelerate action in key areas that the latest science has identified as critical to keeping the goal of limiting average warming to 1.5°C within reach.  At COP29, the United States announced progress in each of these key areas, including:
 

  • Reducing Methane and Other Non-CO2 GHG Super Pollutants:
     
  • Hosting a COP29 Summit on Methane and Non-CO2 GHGs –  The Summit, co-hosted with China and Azerbaijan, showcased new actions to cut emissions of these climate super-pollutants that account for over half of warming, including national commitments to cover all GHGs in national climate targets, new policy and regulatory actions, and new scientific progress.  As the two largest emitters in the world, responsible for roughly 10% and 30% of global GHG emissions, respectively, the United States and China have helped catalyze global attention on non-CO2 GHGs. These efforts include the Global Methane Pledge (GMP), which more than 155 countries have now endorsed and are taking steps to meet the goal to cut global methane emissions by 30% by 2030. At COP29, with announcements from new countries, there are now nearly 100 methane action plans completed or underway, including China’s national action plan on methane and the United States’s Methane Emissions Reduction Action Plan update. The Climate and Clean Air Coalition, which serves as GMP Secretariat, is funding implementation projects in 65 countries. 
  • Mobilizing billions to tackle super pollutants – At the COP29 Non-CO2 Summit, partners announced implementation steps for over $1 billion in grant funding previously announced at COP28 as part of the Methane Finance Sprint. This grant funding is already mobilizing billions more in methane-related project investment by the World Bank, International Fund for Agricultural Development, and regional multilateral development banks, among others.
  • Leveraging new action and science to cut nitrous oxide (N2O) and Tropospheric Ozone – The United States and partners announced new global action and science on cutting super pollutants like N2O and tropospheric ozone, which account for roughly one-fifth of today’s warming, with significant impacts on public health and agricultural productivity. New steps include the release of a Global N2O Assessment, the United Nations  Environment Program’s new commitment to advance science on reducing climate impacts of tropospheric ozone, and private sector steps to tackle N2O and tropospheric ozone precursors.
  • Leading Global Efforts to Accelerate Nuclear Energy Deployment:
  • Implementing and expanding the effort to triple nuclear energy – by co-leading a coalition of countries working to advance the global goal of tripling nuclear energy capacity from 2020 levels by 2050, including by setting an example that shows how the United States will do its part, by establishing 2050 and nearer-term domestic nuclear energy deployment targets and outlining a Framework for Action.  Thirty countries from four continents now endorse the Declaration to Triple Nuclear Energy, after an additional five countries joined the effort at COP29.  Endorsers also highlighted recent stakeholder support for the effort, including from 14 major global financial institutions that announced support for the tripling goal during New York Climate Week in September 2024.
  • Supporting Ukraine’s leadership in safe and secure nuclear energy – by announcing $30 million in funding from the U.S. Department of State for cooperation with Ukraine under the Foundational Infrastructure for Responsible Use of Small Modular Reactor (SMR) Technology (FIRST) program to develop: (1) a Clean Fuels from SMRs Pilot Plant, which will demonstrate the production of clean hydrogen and ammonia, a key ingredient in fertilizers, in Ukraine using simulated SMR technology; (2) Project Phoenix, to facilitate the conversion of Ukraine’s coal plants to SMRs by developing a comprehensive strategy, conducting feasibility studies, and providing advisory services; and (3) the Clean Steel from SMR Roadmap, which will help rebuild, modernize, and decarbonize Ukraine’s steel industry using clean electricity, process heat, and hydrogen from SMRs for steel manufacturing.
  • U.S. – Romania Partnership to Create Over 1.5 GW of Clean Energy – Sargent & Lundy (U.S.), AtkinsRealis (Canada), and Ansaldo (Italy) reached a new milestone in the Cernavoda nuclear power plant project, and finalized a contract for an international consortium to complete two new reactors at Romania’s Cernavoda site, which, once completed, will generate over 1.5 GW of clean power for the region. The U.S. Department of Energy and the Romania Ministry of Energy facilitated the agreement and catalyzed the project by signing an intergovernmental agreement between the U.S. and Romania.
  • Decarbonizing the Energy Sector by Scaling Technologies Critical to Achieving the 1.5°C Goal:
  • Advancing the goal to triple renewable energy and double energy efficiency – including by co-leading the effort to establish international goals at COP29 to increase energy storage and expand and modernize grids, two key ingredients needed to scale up renewable energy in line with keeping the 1.5°C goal within reach.  Endorsers of the Energy Storage and Grids Pledge will set global goals to achieve 1500 GW of energy storage and 25 million km of built or refurbished grids by 2030, with an additional 65 million km by 2040.  The United States also provided over $4.5 billion in support for international clean energy projects in FY23, which will significantly advance efforts to triple renewable energy and double efficiency by 2030.
  • Zero Emissions and Resilient Buildings Accelerator (ZERB Accelerator) – which brings together a cohort of leading cities, states, and regions committed to ambitious climate mitigation and resilience goals in the buildings sector, including the collective reduction of annual emissions by at least 50 million metric tons below 2020 levels, by 2030.  Incubated by the Subnational Climate Action Leaders’ Exchange (SCALE) partnership, the initiative will strengthen multilevel collaboration between these subnational jurisdictions and their national governments and will mobilize a broad coalition of organizations offering support in the areas of policy and technical assistance, financing, and measuring, reporting, and verification capacity to move the building sector to zero emissions and resiliency.
  • Advancing the Carbon Management Challenge – Since President Biden announced the Carbon Management Challenge (CMC) last year at the Major Economies Forum on Energy and Climate, 22 countries and the European Commission have joined the initiative.  This includes 5 new members since COP28: Bahrain, Kenya, Mauritania, Nigeria, and Senegal.  In the past year, the CMC established a Secretariat to advance carbon management at the billion-ton scale by delivering outcomes on (1) developing country finance; (2) project deployment and tracking; and (3) strategic communications and engagement.
  • Launching the U.S-India Low Carbon Comfort Cooling Collective – a new initiative aimed at harnessing the power of the public and private sectors to mobilize large-scale private investment towards a 50% reduction in cooling-related emissions in India by 2030.  At COP29, U.S. Agency for International Development (USAID) announced $1 million to support this new partnership.  In the face of intensifying extreme heat, the activity aims to reduce carbon emissions from cooling, decrease stress on electricity networks, and lower the cost of efficient cooling and alternative cooling solutions.
  • Mobilizing Investment for Early Retirement of Indonesia Coal-fired Power Plant – USAID is assisting a consortium in Indonesia, led by the country’s sovereign wealth fund, to establish an approximately $255 million equity investment in the first coal power, early phase-out transaction under the Indonesia Just Energy Transition Partnership.  USAID will support an agreement between Indonesia’s sovereign wealth fund and public infrastructure company, PT Sarana Multi Infrastruktur, and private investors to finalize the early retirement of the 660 MW Cirebon coal-fired power plant.
  • Accelerating clean energy deployment and decarbonization in the power and industrial sectors – through the Power Sector Program and Energy and Mineral Governance Program, the Department of State is committing $10.6 million to strengthen grid infrastructure to improve reliability and resiliency, deploy clean energy technologies to decarbonize the power and industrial sectors, expand cross border power trade, and create opportunities for private sector investment. The Energy and Mineral Governance Program is committing a further $5 million to expand technical support to enable emissions reductions in the oil and gas sector through methane abatement and decarbonization technologies, in support of the Global Methane Pledge.
  • Advancing the Agriculture Innovation Mission for Climate (AIM for Climate) – At COP29, AIM for Climate will announce $2.9 billion in new investments, innovation sprints, and partners.  Launched by President Biden at COP26, AIM for Climate is a 5-year initiative co-led by the United States and the United Arab Emirates (UAE).  In just 4 years, AIM for Climate partners have mobilized $29.2 billion in increased investment in climate-smart agriculture and food systems innovation, over a 2020 baseline, including over $4.3 billion by the United States.  On the margins of COP29, the United States and the UAE will host the 3rd AIM for Climate Ministerial, a strategic opportunity to highlight the institutional legacy of AIM for Climate, including the recent  AIM for Climate Report.

MOBILIZING FINANCE AT SCALE

From Day One, the Biden-Harris Administration has been committed to boosting international climate finance.  This includes scaling-up our own bilateral finance, fully leveraging multilateral financial institutions, and mobilizing private investment.  These efforts are also in direct support of the Partnership for Global Infrastructure and Investment.  As a result of these efforts over the last three years, the United States significantly scaled up our climate finance – from $1.5 billion in FY21 to over $9.5 billion in FY23, a more than sixfold increase.  These actions build on domestic efforts to catalyze investments in game-changing climate mitigation and climate resilience innovations.  At COP29, the Biden-Harris Administration is announcing new efforts to mobilize investment at the speed and scale the climate crisis requires, including:

  • Announcing a $1 billion guarantee for ADB’s Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP) – a $2.5 billion climate finance platform for Asia and the Pacific, making the United States the Facility’s largest donor.  The U.S. guarantee will enable $4.5 billion in new lending from ADB, which will start this month.
  • Supporting the Launch of the Climate Investment Funds (CIF) Capital Markets Mechanism – an innovative new mechanism that will allow the CIF to raise funds directly in the capital markets, where it estimates it could raise $5 billion or more over 10 years.
  • Achieving Record-Levels of Climate Investments through DFC and EXIM – with DFC reaching $3.71 billion in FY24 and mobilizing significant private investment to support over 1 GW of new clean energy capacity, improving U.S. partners’ energy security and access.  In line with its congressional mandate, EXIM has more than doubled its investments in clean energy and other environmentally beneficial exports – from $1.1 billion in FY23 to a record $1.6 billion in FY24.  These new investments, which represent over one-fourth of EXIM’s transactions this year, supported $1.7 billion in clean energy and other environmentally beneficial exports, EXIM’s highest-ever levels.
  • Pioneering Innovative Approaches to Mobilize Private Investment – working with Congress, USAID is investing $41.1 million to drive private finance into hard-to-reach geographies and sectors.  This includes a $7.25 million investment through the Enterprises for Development, Growth, and Empowerment (EDGE) Fund to incentivize private investment in impact funds and mobilize investment in natural climate solutions which includes $2.75 million in grants to enable two new investment fund managers under the PREPARE Adaptation Finance Window that aim to catalyze additional public partners to co-invest.  USAID will also commit $27.7 million for the Colombia Invest for Climate activity, which aims to transform markets and financial systems and direct public and private funds into climate-smart businesses.  Finally, USAID is committing $6.1 million to the Partnerships for Green Investment initiative announced at COP28 last year to mobilize at least $200 million to achieve 50 million tons of emissions reductions, climate resilience, biodiversity protection, and benefit sharing across Southeast Asia.    
  • Supporting the Development of the Cambodia Climate Financing Facility (CCFF) – USAID provided technical assistance to support the development of the CCFF, a $100 million green bank that will fill a critical funding gap for climate projects in Cambodia.  Once operationalized, the facility will provide concessions to local banks and businesses to stimulate investment in climate adaptation and mitigation projects, assisting Cambodia in meeting its Nationally Determined Contribution.
  • Investing in Clean Energy and Critical Minerals Value Chains in Africa – as part of collaboration with Denmark, Finland, Sweden, and Norway, the United States, working with Congress, will make an initial commitment of $10 million over two years into the Investment Mobilization Collaboration Alliance’s third funding window through Power Africa, supporting clean energy and critical mineral investments in Africa.  This investment will improve critical minerals value chains and increase access to and use of energy to advance industrialization.  In joining this impactful, innovative international partnership, Power Africa will leverage partner funds and support proposals to advance clean energy across the continent.

 
BOLSTERING GLOBAL CLIMATE RESILIENCE
 
The Administration is announcing new efforts to accelerate the implementation of the President’s Emergency Plan for Adaptation and Resilience (PREPARE), which aims to help more than half a billion people in developing countries adapt to and manage the impacts of climate change this decade.  Through these efforts, the United States has provided over $3 billion in adaptation finance in FY23, achieving President Biden’s pledge to work with Congress to increase U.S. international public adaptation finance to $3 billion by FY24 to help implement PREPARE one year early.  This includes the following additional efforts across PREPARE:
 

  • Scaling-Up DFC’s Adaptation Investments to Record-High Levels – DFC invested $1.3 billion in adaptation in FY24, including projects that will strengthen food and water security and sustainable practices to adapt to and increase resilience to the threat of climate change.  
  • The $458 million Zambia Farm-to-Market Compact – MCC’s $458 million Zambia Farm-to-Market Compact, signed in October 2024, aims to improve Zambia’s agriculture and agro-processing sectors. The compact will focus on rural road infrastructure, increasing access to finance for irrigation, electricity, storage and processing facilities, and supporting agricultural policy reform initiatives. The Improving Roads Activity will improve road conditions, quality, access, and climate resilience for selected segments within the identified agricultural corridors through the design, construction, expansion, rehabilitation, upgrades, and strengthening in key agricultural corridors It also focuses on integrated planning, climate-resilient road infrastructure, building a local green/climate finance market, and improving agricultural productivity through better management of soils, irrigation, and watersheds.
  • Expanding Access to Cutting-Edge Climate Information and Early Warnings through PREPARE – The United States has invested billions to develop world-leading weather and climate-related information and service capabilities – from launching leading-edge satellites, amassing relevant observational data from a global network of sensors, and developing advanced modelling technology.  The United States is using these capabilities to support vulnerable developing countries to better understand, anticipate, and prepare for climate impacts.  At COP29 the United States is announcing several new efforts, including working with Congress to announce a new the SERVIR Central America Hub that will launch in December and will bolster the resilience of over 50 million people to reduce vulnerability to climate impacts and environmental degradation. NOAA is announcing $4.7 million to bolster multi-hazard early warning capabilities in Pacific Islands, including through capacity building, data sharing, and expansion of sea-level rise monitoring stations to help with coastal inundation. The United States is also launching the Global Sea Level Explorer – a new earth.gov platform that will provide foundational information about global sea level and flooding to help inform decision-making, resource management, and emergency operations for each coastal country across the globe.
  • Climate Smart and Disaster Ready – as part of its Climate Smart and Disaster Ready initiative, USAID announced $11.8 million in new awards to strengthen localized climate adaptation for communities at the greatest risk of climate-related disasters in current and foreseeable humanitarian contexts, bringing the total investment under this initiative to date to $16.2 million.  Under this program, USAID has funded five multi-year initiatives in West Africa, Central America, Southeast Asia, South Asia, and the Pacific Islands, including the previously announced $4.4 million to support young people in the Pacific Islands to advance disaster risk reduction and climate adaptation efforts in their own communities.
  • Climate Finance for Agriculture in Africa – USAID will invest $9.3 million to accelerate climate finance for climate-resilient and low emissions development investments in agriculture and food systems across Africa, working with Congress.  In Zambia, USAID is supporting the country’s first climate-focused investment fund, aiming to mobilize $70 million for climate adaptation in critical sectors, including agriculture. In Ghana, USAID created a $2.6 million co-investment program to incentivize private sector investment in climate adaptation and mitigation in agriculture, complementing cooperation with the government on national carbon market development. Finally, through the Africa Trade and Investment activity, USAID is supporting a pan-Africa Fund to finance African microfinance institutions and agricultural entities, aiming to leverage an additional $5 million in commercial investments for climate-smart agriculture, with a total investment leverage ratio of 6:1. 
  • Expanding Technical Support for SIDS through the Local2030 Islands Network – the National Ocean and Atmospheric Administration (NOAA) and the U.S. Department of State will invest nearly $500K to expand technical support to the Local2030 Islands Network for peer-to-peer learning, engagement and training to bolster the use of adaptive solutions and scientific data and planning.  This announcement builds on a prior investment of approximately $12 million into the Local2030 Islands Network, a global island-led network committed to net zero emissions and strengthening island resilience to climate change, with an emphasis on advancing the United Nations Sustainable Development Goals.
  • $144 million in new partnership agreements in Mozambique – MCC’s $144 million in new partnership agreements in Mozambique with local non-governmental partners Biofund and ProAzul for MCC’s Coastal Livelihoods and Climate Resilience Project will leverage nature-based low carbon infrastructure to restore coastal ecosystems and their functions.
  • Bolstering the Resilience of Critical Infrastructure: Enhancing Grid Resilience in Africa – The U.S. Trade and Development Agency awarded a feasibility study grant to Côte d’Ivoire Energies to help develop a smart grid control system that will increase stability of the national grid and reduce potential blackouts in the face of extreme weather events or climate disruptions.  USTDA is also supporting a grid resilience and efficiency event series, which will connect officials from public and private entities in sub-Saharan Africa’s power sector to the latest U.S. technologies services, and equipment for improved electricity transmission and distribution systems.

 
 
ADVANCING WOMEN AND GIRLS’ LEADERSHIP IN CLIMATE ACTION

Recognizing that no economy can get ahead if half of its population is left behind, the Biden-Harris Administration is committed to preparing women for leadership roles in the industries of the future, including through efforts that advance the Women in the Sustainable Economy (WISE) Initiative—an over $2 billion public-private partnership that aims to close gender gaps in access to training, jobs, leadership roles, and finance in green and blue sectors.  At COP29, the Administration announced:
 

  • Advancing Women’s Leadership in the Clean Energy Economy – At COP29, USAID is announcing $10.8 million to champion women as decision-makers, stakeholders, educators, and experts in responding to the climate crisis.  USAID is investing in programs that support women’s equitable access to land; integrate gender-based violence prevention in fisheries conservation; and promote women’s participation and economic empowerment in green industries and clean energy sectors. 
  • Accelerating Women’s Leadership in Climate Action – One year after the release of the U.S. Strategy to Respond to the Effects of Climate Change on Women, the State Department is releasing a progress report outlining initiatives and programs worth $10.7 million to empower women and girls as climate leaders while addressing the disproportionate impacts they face from the climate crisis.  These initiatives include efforts to train and connect women leading the clean energy transition, building climate-smart agricultural systems, and promoting Indigenous management of natural resources.
  • Women In Agriculture Gain Economic Security (WAGES) – This program supports women in agricultural cooperatives across Tunisia to address the impacts of climate change, increase profitability, and improve food security.  The project focuses on optimizing natural resource use and enhancing the business operations of women-led cooperatives.  The $2.1 million project tackles women’s limited access to training and resources by forming partnerships with regional stakeholders and adapting approaches to address the needs of local women leaders. 
  • Supporting Women Environmental Defenders – The Department of State is expanding support for women environmental defenders through the EMPOWER and WE-Defend programs, enabling their safe and meaningful participation in environmental governance and policy making. The EMPOWER program, now totaling $1.7 million, supports defenders globally, while WE-Defend, with a total investment of $1.2 million, focuses on empowering Filipina environmental defenders in decision-making processes related to environmental policies.

Advancing Women in Clean Energy and Minerals (AWCEM) Program – The Department of State announced $1.25 million to increase women’s leadership in the clean energy and critical mineral mining sectors in Latin America, empowering women to become leaders and agents for change to support decarbonization and the clean energy transition.

Biden Administration, Climate Action, Climate Change, News & Photo Features

FACT SHEET: President Biden Commemorates Historic Climate Legacy during Climate Week NYC

NASA Administrator Bill Nelson addresses the 2024 Clinton Global Initiative, which prioritizes climate action, environmental protection and climate justice, about the crucial role that NASA plays in assessing climate change. The Biden-Harris Administration has made a whole-of-government commitment to addressing climate change and environmental justice. © Karen Rubin/news-photos-features.com

During Climate Week, President Biden delivered remarks highlighting his climate, conservation, clean energy, and environmental justice agenda, which is lowering costs, creating good-paying and union jobs, and reducing harmful emissions.
 
As the latest historic hurricane event pummels the Southeast, Republican presidential candidate Donald Trump, who routinely calls Climate Change a hoax, promises to “drill baby drill” and pulled the US out of the Paris Climate Agreement, and Republican governors in Florida, Texas, South Carolina deal with climate change by outlawing the term,  House Republicans continue reckless attempts to roll back climate, conservation, and clean energy investments – even proposing to shut down NOAA, which gives warnings of weather events.

This fact sheet reviewing President Biden’s historic climate legacy was provided by the White House:

When President Biden took office, he pledged to restore America’s climate leadership at home and abroad. Every day since, the Biden-Harris Administration has led and delivered on the most ambitious climate, conservation, clean energy, and environmental justice agenda in history, including securing the largest ever climate investment and unleashing a clean energy manufacturing boom that has attracted hundreds of billions of dollars in private sector investment; created hundreds of thousands of new clean energy jobs; and lowered energy costs for families while delivering cleaner air and water for communities across the country.
 
As business leaders, government officials, young people, and other advocates from around the world gather in New York City to participate in Climate Week, tomorrow President Biden delivered remarks in New York City highlighting his Administration’s unprecedented progress in tackling the climate crisis, cutting energy costs for everyday Americans, and creating good-paying union jobs.
 
Meanwhile, as President Biden and Vice President Harris continue to implement their Investing in America agenda, many Congressional Republicans continue to deny the impacts of climate change and are actively working to roll back this Administration’s historic and urgent climate investments – in fact, House Republicans have voted more than 50 times to repeal parts of President Biden’s climate investments. The contrast couldn’t be clearer.
 
From replacing toxic lead pipes and modernizing our electric grid to reducing air pollution and conserving our nation’s lands and waters, President Biden and Vice President Harris have positioned America to lead the global effort against climate change and protect the health, safety, and economic vitality of our communities and our environment for generations to come. 
 
Biden-Harris Administration’s Top Climate Accomplishments
 
Deploying Clean, Affordable Electricity and Strengthening America’s Power Grid
Through the Inflation Reduction Act and Bipartisan Infrastructure Law, President Biden has secured unprecedented investments in a clean power sector, unleashing a boom in American solar, wind, battery storage, nuclear, and other clean energy technologies that are creating good-paying jobs and saving families money on utility bills. President Biden’s Investing in America agenda is supporting the U.S. offshore wind industry, transmission buildout and other power grid upgrades, residential solar for low-income households, investments in clean electricity across rural America, efficient permitting to get new projects built, and American manufacturing of clean energy technologies. Since the start of the Biden-Harris Administration, the US has added more than 100 gigawatts of new clean energy – enough to power more than 25 million homes. Thanks to the Inflation Reduction Act, clean energy project developers get access to expanded tax incentives if they pay workers prevailing wages and employ registered apprentices,  build their projects with domestic content, or locate projects in historic energy communities—provisions that are helping make more clean energy jobs good-paying and union jobs, supporting American manufacturing, and driving clean energy investment to the places that can benefit the most.
 
Bolstering Climate Resilience and Adaptation
The Biden-Harris Administration is taking a whole-of-government approach to addressing climate impacts, including through Federal climate adaptation planning and integrating consideration of climate impacts into Federal policies, programs, and funding. The Administration released a National Climate Resilience Framework and President Biden secured more than $50 billion for climate resilience and adaptation investments that are upgrading aging roads and bridges, including critical evacuation routes; restoring critical waterways, forests, and urban greenspaces; building forest health and reducing wildfire risk; bolstering water infrastructure and drought resilience across the American West; reducing the risk to federal assets from future floods; and modernizing our electric grid. Through portals like Climate Mapping for Resilience and Adaptation (CMRA) and Heat.gov, the Administration is equipping communities with the information and resources they need to assess climate risks and implement adaptation actions in their communities. With historic investments from the President’s Investing in America agenda, the Administration stabilized the short-term security of the Colorado River and is making investments to ensure the long-term stability of the Colorado River Basin.
 
Accelerating a Clean Transportation Future
Last year, the Biden-Harris Administration released the National Blueprint for Transportation Decarbonization, a landmark strategy for eliminating nearly all greenhouse gas emissions from the U.S. transportation sector by 2050. The Administration’s Bipartisan Infrastructure Law and Inflation Reduction Act invest tens of billions to decarbonize maritime,  trucking, transit, rail, and aviation, all while making communities more walkable, bikeable, and connected. The Bipartisan Infrastructure Law is also investing $7.5 billion to build a nationwide network of convenient, reliable electric vehicle (EV) charging infrastructure along corridors and within communities, and $5 billion to put clean school buses on our roads. In addition, the President rallied automakers and autoworkers around a historic goal of having electric vehicles account for at least 50% of new passenger vehicles sold by 2030. To support this goal while driving down consumer costs, the Administration secured tax credits that reduce the cost of new or used clean vehicles by thousands of dollars directly at the dealership as well as tax credits to deploy EV charging and alternative fueling infrastructure to support clean vehicle deployment needs for individuals and businesses within rural and low income communities. The Administration is also leading by example to electrify the federal vehicle fleet, including 66,000 U.S. Postal Service delivery vehicles over five years.
 
Cutting Energy Costs and Pollution at Homes, Schools, and in Communities
Last year, 3.4 million American families saved $8.4 billion from IRA home energy tax credits for heat pumps, insulation, solar, and other clean energy technologies, and today states across the US are rolling out IRA rebates of up to $14,000 per household to help low- and middle-income families afford cost-saving electric appliances and energy efficiency improvements. The President established a $20 billion national clean energy financing network that will support tens of thousands of clean energy projects and cost-saving retrofits, reducing or avoiding up to 40 million metric tons of carbon pollution annually over the next seven years. The Biden-Harris Administration has also strengthened energy efficiency standards to save households and businesses money, with standards updated by DOE for dozens of appliances expected to provide nearly $1 trillion in consumer savings over 30 years, saving the average household more than $100 a year while also reducing greenhouse gas emissions by more than 2 billion metric tons. Schools across the country are using IRA clean energy tax credits and elective pay to install solar, energy storage, and ground source heat pumps.

Revitalizing American Manufacturing for the Clean Economy
President Biden’s Investing in America agenda has helped catalyze historic manufacturing growth, with factories opening across the nation. The private sector has committed over $910 billion in investments in American manufacturing and clean energy, including sectors central to our industrial strength. The President’s agenda is helping to make U.S. manufacturing the cleanest and most competitive in the world. The Inflation Reduction Act is investing more than $6 billion to slash climate pollution and support workers and community health at U.S. factories producing the steel, aluminum, cement, and other materials that form the backbone of our economy, nearly $2 billion to support shuttered or at-risk auto facilities retain or re-hire workers to support manufacturing in the electric vehicle supply chain, over $3 billion to bolster battery manufacturing, and over $4 billion through the Federal Buy Clean Initiative to bolster markets to buy cleaner materials. The Biden-Harris Administration’s historic steps to reduce super-polluting methane and hydrofluorocarbons are also harnessing American innovation and creating good-paying union jobs. 
 
Advancing Environmental Justice
Since Day One, the Biden-Harris Administration has prioritized a whole-of-government approach to environmental justice. The President signed a historic Executive Order that mobilizes the federal government to bring clean energy and healthy environments to all and mitigate harm to those who have suffered from pollution and environmental burdens like climate change. Through the Justice40 Initiative, over 500 programs across 19 federal agencies are being reimagined and transformed to maximize the benefits of President Biden’s unprecedented investments – from clean energy projects to floodwater protections to wastewater infrastructure – to communities that need them most. At the same time, the Administration is taking unprecedented action to protect communities from PFAS pollution, accelerate Superfund and brownfield cleanups, tighten standards for hazardous air pollutants, and enhance air quality enforcement. To ensure the voices, perspectives, and lived experiences of communities with environmental justice concerns are heard in the White House and reflected in federal priorities, policies, investments, and decision-making, President Biden also created the White House Environmental Justice Advisory Council.
 
Delivering Clean Water and Replacing Lead Pipes
President Biden and Vice President Harris are fighting to ensure a future where every American has access to clean, safe water. The President’s Bipartisan Infrastructure Law invests over $50 billion in upgrading the nation’s water infrastructure – the largest investment in clean water in American history. The Administration has already launched over 1,700 projects to expand access to clean drinking water, replace lead pipes, improve wastewater and sanitation infrastructure, and remove PFAS pollution in water. The Biden-Harris Administration invested over $1 billion from the President’s Investing in America agenda to specifically accelerate the delivery of drinking water and community sanitation infrastructure projects in Indian Country, where almost 50% of communities are lacking this basic human right. President Biden has also made a commitment to replace every toxic lead pipe in the country within a decade, protecting families from lead poisoning that can irreversibly harm brain development in children.

Empowering Every Community to Advance Climate Solutions
The historic set of federal actions that the Biden-Harris Administration has taken are supporting communities across the country in seizing opportunities in the clean energy economy. The Administration has mobilized billions of dollars in investment in the energy communities and workers that have powered our nation for generations. To help young people access skills-based training for good-paying careers in the clean energy and climate resilience economy, the Administration launched the American Climate Corps, which will mobilize a new, diverse generation of more than 20,000 Americans. And with direct support from the Administration’s Investing in America Agenda, more than 45 states and more than 200 Tribes, territories, and metro areas have now developed their own Climate Action Plans. All of these foundational efforts will support climate solutions in the near-term and for years to come, helping the nation achieve the goal of reducing climate pollution by 50-52% below 2005 levels in 2030 and reaching a net-zero economy by no later than 2050.


Conserving our Lands and Waters
President Biden’s America the Beautiful initiative is supporting and accelerating voluntary, locally led conservation and restoration efforts across the country, and with 42 million acres already protected under President Biden, the U.S. is on track to meet the first-ever national goal to conserve at least 30 percent of our lands and waters by 2030. The Biden-Harris Administration has established or expanded eight national monuments and restored protections for three more; created five new national wildlife refuges and significantly expanded five more; established two new national marine sanctuaries and begun the process to designate or expand protections for five more; created one new national estuarine research reserve; protected the Boundary Waters of Minnesota, the nation’s most visited wilderness area; safeguarded Bristol Bay in southwest Alaska from the impacts of mining; protected the Arctic Ocean from oil and gas development; and withdrawn Chaco Canyon in New Mexico and Thompson Divide in Colorado from further oil and gas leasing which will protect pristine lands and thousands of sacred sites. The Administration also directed the conservation of old-growth and mature forests, put conservation on equal footing with development in managing our public lands, launched the America the Beautiful Freshwater Challenge to protect, restore, and reconnect 8 million acres of wetlands and 100,000 miles of our nation’s river and streams, protected vast areas of caribou habitat in the Western Arctic for future generations, and is advancing the Chumash Heritage National Marine Sanctuary off the coast of California.
 
Rallying Leaders of the World’s Largest Economies to Raise Global Climate Ambition
President Biden has restored America’s climate leadership at home and abroad. Under his leadership, the Administration is securing commitments from more than 155 countries to reduce methane emissions by at least 30 percent by 2030; successfully galvanizing other countries at COP28 to commit, for the first time, to transition away from unabated fossil fuels, stop building new unabated coal capacity globally, and triple renewable energy globally by 2030 and nuclear energy by 2050; launching a new Clean Energy Supply Chain Collaborative to work with international partners to diversify supply chains that are critical to a clean and secure energy transition; mobilizing other governments to follow the U.S. lead and commit to achieve net-zero government emissions by 2050 through a new Net-Zero Government Initiative; and becoming a world leader in innovative debt-for-nature swaps that have helped countries restructure over $2 billion in debt and unlock hundreds of millions of new financing for nature and climate.
 
Accelerating Federal Permitting to Deliver Clean Energy and Infrastructure More Quickly
The Biden-Harris Administration has taken action to accelerate clean energy infrastructure and deliver other critical projects by securing and directing long overdue resources to improve and accelerate permitting and environmental reviews. The Administration also finalized the Bipartisan Permitting Reform Implementation Rule to address climate change, protect public health, encourage better environmental outcomes, and promote meaningful public input on Federal decisions and projects.
 
House Republicans Continue Attempting to Roll Back Climate Protections
As President Biden and Vice President Harris implement the most ambitious and impactful climate and conservation agenda in history, House Republicans are taking action right now that would roll back investments in climate, clean energy, and public health. House Republicans’ efforts to gut climate protections through a variety of avenues – including appropriations bills, Congressional Review Act resolutions, and other legislative actions – would raise consumer energy costs, undermine public health protections, worsen the impacts of extreme weather events, and destroy environmental safeguards for our lands and waters.
 
Ongoing attempts by Congressional Republicans to roll back climate and environmental protections would:
 
Raise Consumer Energy Costs, including by:

  • Attempting to eliminate funding for the development of U.S. manufacturing capabilities in vehicles, trains and locomotives, maritime vessels including offshore wind support vessels, and aircraft.

 
Gut Public Health Protections, including by:

  • Trying to overturn Biden-Harris Administration rules that protect communities from coal plants’ water pollution, air pollution, and waste disposal.
  • Trying to overturn a Biden-Harris Administration rule that will reduce by 96% the number of people with elevated cancer risk near certain chemical plants, by reducing emissions of toxic chloroprene and ethylene oxide from those facilities.
  • Rolling back the Clean School Bus program that will reduce climate pollution and provide cleaner air for our nation’s children.
  • Undermining clean air progress by trying to overturn rules that reduce pollution from power plants, cars and trucks , and industrial sources.
  • Taking steps to block new Biden-Harris Administration rules to protect coal and other miners from toxic silica dust.

Destroy Protections for Our Lands and Waters, including by:

  • Trying to eliminate Presidential authority to establish national monuments altogether.
  • Working to dismantle President Biden’s America the Beautiful Initiative.
  • Threatening to expose cherished landscapes to new drilling, including 13 million acres of special areas in the Western Arctic.
  • Planning to reduce accountability for oil and gas companies.
Climate Action, Climate Change, Environment, Environmental Protection, News & Photo Features

FACT SHEET: During Climate Week, Biden-Harris Administration Announces Continued Progress on the American Climate Corps, Creates New Environmental Justice Climate Corps

American Climate Corps Has Already Put 15,000 Young Americans to Work as Part of Its Inaugural Cohort
 
Environmental Protection Agency and AmeriCorps Announce a New Environmental Justice Climate Corps; the Department of Housing and Urban Development Joins the Interagency American Climate Corps Initiative

Glen Canyon, Utah, is suffering climate-caused drought. Since taking office, President Biden has delivered on the most ambitious climate, clean energy, conservation, and environmental justice agenda in history – signing into law the largest investment in climate action ever, protecting more than 42 million acres of public lands and waters, creating good-paying clean energy jobs, and establishing the Justice40 Initiative, which sets the goal that 40 percent of the overall benefits from certain federal investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution. © Karen Rubin/news-photos-features.com

During Climate Week, the Biden-Harris administration announced progress on its American Climate Corps. This fact sheet was provided by the White House:

Since taking office, President Biden has delivered on the most ambitious climate, clean energy, conservation, and environmental justice agenda in history – signing into law the largest investment in climate action ever, protecting more than 42 million acres of public lands and waters, creating good-paying clean energy jobs, and establishing the Justice40 Initiative, which sets the goal that 40 percent of the overall benefits from certain federal investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution.
 
As part of his historic commitment to tackle the climate crisis, President Biden launched the American Climate Corps (ACC) to mobilize the next generation of clean energy, conservation, and climate resilience workers, with a goal to put 20,000 young people to work in the clean energy and climate resilience economy in the initiative’s first year. Today, in celebration of Climate Week, the White House is announcing that more than 15,000 young Americans have been put to work in high-quality, good-paying clean energy and climate resilience workforce training and service opportunities through the American Climate Corps – putting the program on track to reach President Biden’s goal of 20,000 members in the program’s first year ahead of schedule.
 
Across the country, American Climate Corps members are working on projects to tackle the climate crisis, including restoring coastal ecosystems, strengthening urban and rural agriculture, investing in clean energy and energy efficiency, improving disaster and wildfire preparedness, and more. The American Climate Corps is giving a diverse new generation of young people the tools to fight the impacts of climate change today and the skills to join the clean energy and climate-resilience workforce of tomorrow.
 
The Biden-Harris Administration is making several additional announcements: 

  • The Environmental Protection Agency (EPA) and AmeriCorps are Announcing a New Environmental Justice Climate Corps, which will put more than 250 American Climate Corps members to work over the next three years providing technical assistance to community-based organizations in environmental justice communities – helping them access resources to carry out locally driven projects that reduce pollution, increase community climate resilience, improve public health and safety, and build community capacity to address environmental and climate justice challenges. Environmental Justice Climate Corps members will be paid a living allowance and reimbursed for selected living expenses. In total, this allowance is equivalent to receiving more than $25 per hour throughout their year of service. They will also obtain the benefits of AmeriCorps VISTA service—including the Segal AmeriCorps Education Award, which is valued at $7,395 in FY24, and streamlined pathways into certain federal jobs—and gain mentorship and professional development opportunities. Applications for the Environmental Justice Climate Corps will open in early 2025, with a goal for its first cohort to start later that year. The partnership with EPA is AmeriCorps’ largest environmental partnership in the agency’s history and will build on the success of three other partnerships announced under the American Climate Corps: AmeriCorps NCCC Forest Corps, Working Lands Climate Corps and Energy Communities AmeriCorps, which together will support more than 500 new ACC positions over the coming years.
  • The Department of Housing and Urban Development (HUD) is Joining the ACC Interagency Initiative. Joining the seven initial signatories of the December 2023 ACC Memorandum of Understanding, today HUD will become the eighth federal agency member of the ACC Interagency Initiative. This step brings the ACC to the communities HUD serves, building upon the Department’s commitment to using low- and zero-carbon energy and supporting communities to increase their resilience, advance environmental justice, and create good jobs for residents.
  • The American Climate Corps is Fostering Federal-State Partnerships by establishing a partnership with state service commissions, which support national service in states across the country, to grow the number of state climate corps and strengthen existing state climate corps programs. Together, the American Climate Corps, state-level climate corps programs, and state national service leadership are committed to strengthening state climate corps, supporting impactful program implementation, and leveraging state and local partnerships to scale climate corps efforts across the country. To date, 14 states have launched their own state-based climate corps programs, including New Jersey who just today announced the creation of the New Jersey Climate Corps. 
  • American Climate Corps Will Host a Virtual Job Fair. The American Climate Corps is working to ensure that its members have a pathway to good-paying jobs following their terms of service, which is why later this year, ACC will host a virtual job fair for current and past members to learn about high-quality career opportunities in the clean energy and climate resilience economy. The virtual job fair will bring together the private sector, labor unions, and the public sector, including Federal agencies, to showcase career pathways available to ACC members.

 
Today’s announcements build on a year of successful program implementation, including:
 

  • Launch of the American Climate Corps Tour. This fall, to showcase ACC members’ important work across the nation, the American Climate Corps and senior Biden-Harris Administration officials is embarking on a national tour and visiting ten locations to highlight ACC members’ impact in communities across the country. The tour is making stops at a range of ACC project sites and featuring remarks by representatives of the Biden-Harris Administration and other Federal, state, and local elected officials. Visits include ACC member swearing-in ceremonies, service projects, and roundtables with ACC members.

Creation of the American Climate Corps Storytellers Project. Inspired by the Works Progress Administration’s Federal Art Project, the ACC launched the Storytellers Project, engaging artists and storytellers to capture the impact of President Biden’s American Climate Corps. The ACC Storytellers Project solicited applications from artists across the country. Ten accomplished storytellers were selected to document the impact of the American Climate Corps in communities across the country through photographs, videos, and other visual art mediums.

Biden Administration, Climate Action, Climate Change, Environment, Environmental Protection

FACT SHEET: Biden-Harris Administration Announces New Investments to Protect Freshwater Resources, Enhance Drought and Climate Resilience

During Climate Week, the Biden-Harris administration announced new funding and whole-of-government initiatives that build upon its ambitious freshwater agenda and help restore and conserve our freshwater resources and address climate impacts felt across the nation © Karen Rubin/news-photos-features.com

During Climate Week, which coincides with the United Nations General Assembly meeting in New York, where climate has become a major issue in recent years, the Biden-Harris Administration announced a number of new initiatives including new investments to protect freshwater resources and enhance drought and climate resilience. This fact sheet is provided by the White House:

Our nation’s lakes, rivers, streams, estuaries, and wetlands are fundamental to the health, prosperity, and resilience of our communities and are held sacred by many Tribal Nations. They are not only the sources of clean drinking water that flows into the taps of our homes, but are also economic drivers supporting jobs and outdoor recreation across the nation. By absorbing and storing carbon, our nation’s waterways and wetlands – and the forests, grasslands, and farmlands they nourish – also play a critical role in the fight against climate change.
 
Since Day One, the Biden-Harris Administration has worked to secure clean water for all communities, protect our vital freshwater resources, and mitigate the impacts of drought. Given that communities often acutely experience the climate crisis through water-related impacts – from floods and droughts to polluted drinking sources and waterways – this Administration is making historic investments through President Biden’s Investing in America agenda to protect, conserve, and restore our freshwater basins and ecosystems.
 
Meanwhile, many Republicans in Congress continue to deny the very existence of climate change and remain committed to repealing the President’s Inflation Reduction Act – the biggest climate protection bill ever – which would undermine the health, safety, and economic vitality of their own constituents.
 
During Climate Week, the Biden-Harris administration is announcing new funding and whole-of-government initiatives that build upon its ambitious freshwater agenda and help restore and conserve our freshwater resources and address climate impacts felt across the nation:
 

  • Investing in Long-Term Colorado River Basin Resilience: The Biden-Harris Administration is leading a comprehensive effort to make Western communities more resilient to climate change and address the ongoing megadrought across the region, including the Colorado River Basin, by harnessing the full resources of President Biden’s historic Investing in America agenda. The Administration’s investments in the Lower Colorado River Basin bridge the immediate need for water conservation while moving toward improved system efficiency and more durable long-term solutions. Overall, the funding for long-term water conservation initiatives in the Lower Basin is expected to save more than 1 million acre-feet of water, putting the Basin on a path to a more resilient and sustainable water future.
    • The Department of the Interior’s Bureau of Reclamation is announcing the execution of the first three contracts for long-term water conservation under the Lower Colorado Basin System Conservation and Efficiency Program. Totaling approximately $107 million, taken together these first three projects – all with the Gila River Indian Community in the Lower Colorado River Basin of Arizona – will provide over 73,000 acre-feet of water conservation to support the sustainability of Lake Mead while also helping ensure long-term water resilience for the Community. The Bureau of Reclamation is also working on the companion program for the Upper Basin, which will provide additional water savings for the Basin’s long-term sustainability.
    • The Bureau of Reclamation is working with the following sponsors in the Lower Colorado Basin to negotiate water conservation contracts for ten additional proposed projects, including:
      • City of Phoenix
      • City of Tucson
      • Coachella Valley Water District
      • Salt River Valley Water Users’ Association & Salt River Project Agricultural Improvement and Power District
      • San Diego County Water Authority
      • Southern Nevada Water Authority
      • The Metropolitan Water District of Southern California
      • Town of Gilbert
    • The Department of the Interior’s Bureau of Reclamation is also signing agreements with the Imperial Irrigation District and the Bard Water District in partnership with the Metropolitan Water District in California to ensure the conservation of up to 717,100 acre-feet of water by 2026. This water will remain in Lake Mead in an effort to benefit the Colorado River System and its users.
       
  • Investing in Indian Country: The Department of the Interior’s Bureau of Reclamation has announced historic Tribal water infrastructure investments totaling over $1.2 billion through the Bipartisan Infrastructure Law, Inflation Reduction Act, Reclamation Water Settlement funding, and annual appropriations. This includes a new investment of $9.4 million for Tribal drought relief and technical assistance projects that will restore wetlands, improve irrigation efficiency, and support groundwater monitoring.
     
  • Reconnecting Waterways and Restoring Aquatic Ecosystems: With over $3 billion in funding for ecosystem restoration and fish passage projects, the Investing in America agenda is helping secure cleaner rivers, safer communities, greater recreational opportunities, and improved fish and wildlife habitat, driving change across the landscape for people, communities, species, and ecosystems.
    • The Administration is announcing a suite of 10 transformational fish passage projects that to date have received over $150 million from eight Federal agencies. When completed, these fish passage and aquatic connectivity projects – located in communities from Maine to Ohio to California – will reconnect nearly 5,000 miles of rivers and streams across the United States. Reconnecting waterways allows natural functions to be restored in freshwater systems, improving their climate resilience and water quality, and therefore their ability to protect communities from catastrophic floods, droughts, catastrophic wildfire, and water pollution. Improving fish passage and reconnecting aquatic systems is one of the most effective ways to help conserve vulnerable species, while building safer infrastructure for communities and improving climate resilience. To date, the Administration has spent over $970 million on more than 600 fish passage projects in 45 states across the country.
    • The Department of the Interior today is announcing an additional $92 million in new resources from the Bureau of Reclamation’s WaterSMART Aquatic Ecosystem Restoration Program to help restore important salmon and other native fish habitat across the West. These projects, when complete, will provide increased water quality, floodplain stability, and drought resiliency.
       
  • Collaborating with Stakeholders to Protect Freshwater Systems: At a Climate Week NYC event focused on the Global Freshwater Challenge, White House Council on Environmental Quality Chair Brenda Mallory announced a doubling of new partners in the America the Beautiful Freshwater Challenge – a nationwide initiative to protect, restore, and reconnect 8 million acres of wetlands and 100,000 miles of our nation’s rivers and streams by 2030. Over 100 members from across the country initially signed on to support freshwater restoration in their communities. That number has now more than doubled to over 211, including 14 states, 16 Tribal entities, 27 local governments, and 79 private sector members.
     

These announcements build on recent actions that deliver on the Biden-Harris Administration’s commitment to ensuring safe drinking water, including providing approximately $1 billion in funding to bring safe, clean water to Tribal communities; finalizing the first-ever standard to protect communities from toxic “forever chemicals,” along with rulemakings to hold polluters responsible for PFAS cleanup and to enhance safeguards against dangerous chemical spills in our nation’s waters; and continuing to deliver on President Biden’s goal to replace every lead pipe in America in the next decade. The Department of the Interior has invested more than $6.95 billion to fund over 831 Western water projects through the Bipartisan Infrastructure Law and the Inflation Reduction Act; the Environmental Protection Agency has leveraged more than $9 billion in the last two years alone to communities across the West; and other agencies from the Department of Agriculture to the U.S. Army Corps of Engineers continue to make investments that increase water availability, reduce water use, and enhance resilience.

Biden Administration, Climate Action, Energy, Environmental Protection, Infrastructure, News & Photo Features

FACT SHEET: Biden-Harris Administration Takes Action to Deliver More Projects More Quickly, Accelerates Federal Permitting

To date, the Biden-Harris Administration has deployed more than $560 billion in federal investments for over 68,000 projects across the nation, and the President has taken action to accelerate these projects by devoting long overdue resources to permitting and environmental reviews in order to deliver projects that deliver clean, renewable energy © Karen Rubin/news-photos-features.com

The Biden-Harris Administration has consistently been about getting things done, though rarely breaking through the media fog focused on the latest Trump scandal and outrage. This fact sheet on how Biden is accelerating infrastructure projects that address the urgent need to transition to clean energy and provide jobs is provided by the White House:

President Biden has been clear that the government can and must deliver more projects, more quickly. Through his Investing in America Agenda, he is delivering on that promise by accelerating project reviews while protecting communities and our environment.
 
To date, the Biden-Harris Administration has deployed more than $560 billion in federal investments for over 68,000 projects across the nation, and the President has taken action to accelerate these projects by devoting long overdue resources to permitting and environmental reviews.
 
The Biden-Harris Administration has taken historic steps to accelerate and improve the federal permitting process so that Americans across the country can benefit from the promise of the Investing in America agenda – including lowering energy costs for families and creating hundreds of thousands of good-paying and union jobs. The Administration has taken a three-prong approach. First, investing $1 billion through the Inflation Reduction Act funds to hire experts and invest in new technologies to expedite reviews. Second, passing the first reforms to modernize the National Environmental Policy Act (NEPA) for the first time in 50 years and finalizing the Bipartisan Permitting Reform Implementation Rule to accelerate the federal environmental review process. And third, using executive authorities, wherever possible, to improve permitting and environmental review processes.
 
Today, the Biden-Harris Administration is announcing two new actions that will help build more projects, more quickly. 

  • The Bureau of Land Management is announcing a roadmap to support expanded solar energy production by making renewable energy siting and permitting on America’s public lands more efficient. This action will help expedite reviews of solar projects by steering them to areas with high solar potential and low wildlife and land conflicts, and ease burdens on solar developers. The Bureau of Land Management will make over 31 million acres of public lands across eleven western states available for solar development, helping to deliver clean power to millions of homes.
     
  • The Environmental Protection Agency is announcing the conditional approval of a new rule which will allow for new offsets to create clean air credits in Maricopa County. Companies with vehicle fleets can now generate credits by replacing or retrofitting diesel-burning vehicles with electric vehicles. Manufacturers or other new emitters can then purchase those credits to balance out their future emissions. This will allow the county, which is now a center of semiconductor manufacturing in the U.S., to continue to build semiconductor fabs essential to our nation’s future and ensure that residents continue to have clean air.

 Delivering Results
 
The Administration’s actions to reform federal permitting have already delivered real results. New data from the White House Council on Environmental Quality (CEQ) and federal agencies demonstrates that the Biden-Harris Administration is delivering more projects, more quickly while being responsible stewards of the environment and protecting communities.
 
The Biden-Harris Administration has cut 6 months off the median time it takes for agencies to complete environmental impact statements, the most comprehensive form of environmental review, representing 16% in time savings compared to the previous Administration and we are continuing to make more improvements.
 
Data indicates that there are similar results across a number of key sectors: 

  • Clean Energy & Transmission: The Department of Energy has cut environmental review timelines by half for environmental impact statements compared to the prior Administration. In addition, DOE has completed 15% more environmental reviews compared to the previous Administration.  In addition, the Department of Energy has started implementing the Coordinated Interagency Authorization and Permits (CITAP) program which is expected to cut review times in half for transmission projects.
     
  • Transportation: The Department of Transportation (DOT) has cut the average time it takes to complete an environmental assessment by more than one third. DOT has also completed 20% more reviews compared to the prior Administration for projects requiring environmental assessments or environmental impact statements.
     
  • Offshore wind: Under the Biden-Harris Administration, the Department of the Interior’s Bureau of Ocean Energy Management has completed environmental reviews for the nation’s first 10 commercial-scale offshore wind projects; before President Biden took office there were zero complete. Because of the Administration’s progress on permitting the nation’s first offshore wind projects and leasing new areas, the total U.S. offshore wind project pipeline now exceeds 80 gigawatts, enough to power more than 26 million homes if fully developed.
     
  • Onshore renewable energy: Under the Biden-Harris Administration, the Department of the Interior has permitted more than twice as many clean energy projects on public lands than it did under the prior Administration. Together, these projects are expected to help power more than 12 million homes across the country.
     
  • Broadband: Across the federal government, agencies are processing more than twice as many permits for high-speed internet projects on federal lands and property as they did under the prior Administration. NTIA has established and adopted a total of 36 new categorical exclusions to streamline processes, including for historic preservation and threatened and endangered species compliance for broadband.

 Additionally, for projects with minimal environmental impacts, the Biden-Harris Administration has expanded use of the fastest form of environmental review – categorical exclusions. Since the start of the Administration, over 15 federal agencies have developed, expanded, or adopted 125 categorical exclusions for projects with insignificant environmental impact in key sectors such as EV charging, broadband, semiconductor manufacturing, clean energy, and transmission. This includes new categorical exclusions adopted using new permitting efficiencies passed by Congress in the Fiscal Responsibility Act.  
 
Federal agencies are using categorical exclusions to review the vast majority of project decisions, including 99% of federal highway decisions. This is an increase from the last time similar data was analyzed by the Government Accountability Office (GAO), which found that just 96% of Federal Highway Administration projects were processed by categorical exclusions. Other agencies are also utilizing categorical exclusions for the vast majority of projects including 99% of Department of Energy decisions, and 98% of National Oceanic and Atmospheric Administration (NOAA) projects decisions.
 
New Executive Actions to Accelerate Permitting
 
The Biden-Harris Administration has taken a number of steps in recent weeks to improve federal permitting processes to help advance projects critical to the President Biden’s Investing in America Agenda.
 
Streamlining Historic Preservation Reviews: Earlier this month, the Advisory Council on Historic Preservation (ACHP) proposed a Program Comment to accelerate historic preservation reviews for millions of clean energy, transportation, housing, and building projects over the next two decades. This action builds on steps that ACHP announced earlier this year to accelerate historic preservation reviews for broadband projects.
 
Accelerating Transmission Projects: The Biden-Harris Administration has started to implement the new Coordinated Interagency Transmission Authorizations and Permits (CITAP) program which will help accelerate permitting for transmission projects to bring reviews down to a two-year timeline – twice as fast as the historical average of four years. A recent study of 33 projects found that had CITAP been in place from 2010 through 2020, it could have saved the equivalent of approximately 66 years in federal permitting time. The Department of Energy (DOE) recently opened the portal for transmission developers and project sponsors to apply for the CITAP program. In addition, the Department of Energy recently announced $371 million for 20 projects across 16 states to accelerate the siting and permitting of high-voltage interstate transmission projects and support community infrastructure projects.
 
Expanding Categorial Exclusions: In recent weeks, the U.S. Forest Service adopted 10 categorical exclusions that will accelerate its review of broadband projects. Data from the U.S. Forest Service indicates that these categorical exclusions will help streamline reviews for 100 broadband projects by 2027, thereby saving over $24 million in staff time per year and lead to a total reduction of over 20 years in processing time. In April the Bureau of Land Management adopted categorical exclusions to accelerate review of geothermal projects. And, earlier this month, the Department of Transportation announced a new categorical exclusion to help expedite reviews of projects dedicated to fixing older, leak-prone natural gas pipelines.
  
Modernizing NEPA Technology: Last month CEQ released new recommendations for using technology to modernize environmental reviews. In a new report to Congress CEQ evaluates permitting processes, include an analysis of 16 different agency technology tools and initiatives being advanced to improve the environmental review and permitting process.

Biden Administration, Climate Action, Economic Development, Economic Policies, Economy, Health Care, News & Photo Features

FACT SHEET: Two Years In, the Inflation Reduction Act is Lowering Costs for Millions of Americans, Tackling the Climate Crisis, and Creating Jobs

Vice President Kamala Harris and President Joe Biden in Largo, Maryland on the two-year anniversary of the Inflation Reduction Act celebrate historic reductions in drug prices negotiated by Medicare for the first time.  The Inflation Reduction Act is transforming American lives by finally beating Big Pharma to negotiate lower prescription drug prices, making the largest investment in clean energy and climate action in history, creating hundreds of thousands good-paying jobs, lowering health care and energy costs, and making the tax code fairer. © Karen Rubin/news-photos-features.com via MSNBC.

Two years ago, President Biden signed the Inflation Reduction Act, with Vice President Harris casting the tie-breaking vote in Congress. Not a single Republican voted for it and Trump/Vance and the Republicans vow to repeal it and replace it with Project 2025 laundry list of policies which will harm working and middle-class families. and undermine progress toward an equitable, sustainable economy. –Karen Rubin/news-photos-features.com

The Inflation Reduction Act is a key part of the Biden-Harris Administration’s Investing in America agenda, which has driven the fastest and most equitable recovery on record – creating good-paying jobs, expanding opportunity, and lowering costs in every corner of the country.

Already, the Inflation Reduction Act is transforming American lives by finally beating Big Pharma to negotiate lower prescription drug prices, making the largest investment in clean energy and climate action in history, creating hundreds of thousands good-paying jobs, lowering health care and energy costs, and making the tax code fairer.

Visit the White House Savings Explorer to see how Americans are saving money on their annual expenses because of the Inflation Reduction Act and other Biden-Harris Administration actions.

Statement from President Joe Biden on Inflation Reduction Act Anniversary 

Two years ago, I signed the Inflation Reduction Act—the largest climate investment in history that is lowering energy costs and creating good-paying union jobs, while taking on Big Pharma to lower prescription drug costs—with Vice President Harris casting the tie-breaking vote. Already, this law is lowering health care costs for millions of families, strengthening energy security, and creating more than 330,000 clean energy jobs according to outside groups.  It has also unleashed $265 billion in clean energy and manufacturing investments from the private sector in the last two years—part of the nearly $900 billion invested in America since we took office.

This historic legislation is fiscally responsible. It lowers the deficit over the long run by cutting wasteful spending on special interests and making big corporations and the wealthy pay more of their fair share. And just yesterday, my Administration announced lower prescription drug prices for the first ten drugs that have been negotiated by Medicare, which will cut the prices of drugs used to treat blood clots, heart disease, cancer, and more by nearly 40% to 80%, and save taxpayers $6 billion in the first year alone.

While Republicans in Congress try to repeal this law—which would increase prescription drug costs and take good-paying jobs away from their constituents, all to give massive tax cuts to big corporations—Vice President Harris and I will keep fighting to move our country forward by investing in America and giving families more breathing room.

Statement from President Joe Biden on Inflation Reduction Act Anniversary 

Two years ago, I signed the Inflation Reduction Act—the largest climate investment in history that is lowering energy costs and creating good-paying union jobs, while taking on Big Pharma to lower prescription drug costs—with Vice President Harris casting the tie-breaking vote. Already, this law is lowering health care costs for millions of families, strengthening energy security, and creating more than 330,000 clean energy jobs according to outside groups.  It has also unleashed $265 billion in clean energy and manufacturing investments from the private sector in the last two years—part of the nearly $900 billion invested in America since we took office.

This historic legislation is fiscally responsible. It lowers the deficit over the long run by cutting wasteful spending on special interests and making big corporations and the wealthy pay more of their fair share. And just yesterday, my Administration announced lower prescription drug prices for the first ten drugs that have been negotiated by Medicare, which will cut the prices of drugs used to treat blood clots, heart disease, cancer, and more by nearly 40% to 80%, and save taxpayers $6 billion in the first year alone.

While Republicans in Congress try to repeal this law—which would increase prescription drug costs and take good-paying jobs away from their constituents, all to give massive tax cuts to big corporations—Vice President Harris and I will keep fighting to move our country forward by investing in America and giving families more breathing room.

FACT SHEET: Two Years In, the Inflation Reduction Act is Lowering Costs for Millions of Americans, Tackling the Climate Crisis, and Creating Jobs

In the two years since the Inflation Reduction Act was signed into law:

  • Just yesterday, the President and Vice President announced that, for the first time in history, Medicare successfully negotiated lower prescription drug prices, which will save millions of seniors, people with disabilities, and other Medicare beneficiaries over $1.5 billion out-of-pocket in the first year. 
    • Millions of Americans are saving an average of $800 per year on health insurance premiums because of cost savings from the American Rescue Plan that the Inflation Reduction Act extended, helping drive the nation’s uninsured rate to historic lows. 4 million seniors and other Medicare beneficiaries saved money on insulin because of the law’s cap at $35 for a month’s supply. 10.3 million Medicare enrollees received a free vaccine in 2023, saving them more than $400 million in out-of-pocket vaccine costs.
       The IRS successfully piloted Direct File in 12 states, saving 140,000 people an estimated $5.6 million in tax preparation fees by enabling them to file their taxes directly with the IRS online, for free. And, the IRS has recovered over $1 billion by cracking down on millionaire tax cheats since the law passed. 
       Last year, 3.4 million Americans benefited from $8.4 billion in Inflation Reduction Act tax credits to lower the cost of clean energy and energy efficiency upgrades in their homes – significantly outpacing projections of the popularity of the tax credits in just the first year they were available.
       Since January 2024, more than 250,000 Americans have claimed the IRA’s electric vehicle tax credit, saving these buyers about $1.5 billion total. Nearly all of these buyers claimed the incentive at the point of sale.
       Since the beginning of the Biden-Harris Administration, companies have announced$900 billion in clean energy and manufacturing investments in the US, including over $265 billion in clean energy investments since the Inflation Reduction Act was signed into law. These investments are creating over 330,000 new jobs in the United States according to an outside group. 
       
    • Economically distressed areas are poised to benefit the most from those investments. Over 99% of high-poverty counties in the United States are benefitting from an Investing in America project funded by the Inflation Reduction Act, Bipartisan Infrastructure Law, or CHIPS and Science Act. According to Treasury Department analysis, since the Inflation Reduction Act passed, 75% of private sector clean energy investments have flowed to counties with lower than median household incomes,  and clean energy investment in energy communities has doubled.  And, the Inflation Reduction Act is the largest investment in environmental justice in history.

Additionally, the Biden-Harris Administration has taken action to protect the critical investments that the Inflation Reduction Act is making in the domestic clean energy economy from unfair trade practices. In May, President Biden increased tariffs on $18 billion of Chinese imports to combat China’s artificially low-priced exports in strategic sectors such as electric vehicles, batteries, and solar. These actions protect American jobs, businesses, investments, and economic growth. 

Lowering health care costs for millions of Americans

President Biden and Vice President Harris have made expanding access to high-quality, affordable health care and lowering prescription drug costs for American families a top priority. Thanks to the Inflation Reduction Act, health care is more accessible and more affordable than ever before.  In just the last two years:

  • The law enhanced the Affordable Care Act’s financial assistance that is available to consumers to purchase health insurance. Millions of Americans are saving, on average, about $800 a year on their health insurance plans, with more than 80 percent of consumers able to find health insurance for $10 or less a month. As a result, a record-breaking 21 million people signed up for ACA coverage in 2024. That’s 9 million more than when the President and Vice President took office, and more underserved communities are enrolling in coverage, with 1.7 million Black Americans and 3.4 million Latinos enrolled, a 95% and 103% increase, respectively, since 2020.
    • The Inflation Reduction Act capped insulin costs at $35 for a month’s supply and making recommended adult vaccines free. Four million Medicare beneficiaries are now saving on their monthly insulin costs, and over 10 million beneficiaries received a free vaccine, saving more than $400 million in out-of-pocket cost. 
       Drug companies that increase prices faster than inflation now have to pay a rebate to Medicare—which is translating into lower out of pocket costs for seniors.
       Next year, out of pocket drug costs will be capped at $2,000 per year for Medicare beneficiaries, which is expected to save nearly 19 million seniors an average of $400 per year.
       
  • The Inflation Reduction Act – for the first time ever – gives Medicare the power to negotiate lower prescription drug prices. Just this week, the Biden-Harris Administration announced new, lower prescription drug prices for all ten drugs selected for the first year of the Inflation Reduction Act’s Medicare Drug Price Negotiation Program. The new, lower prices, which go into effect in 2026, will save American taxpayers $6 billion and will save seniors and people with disabilities $1.5 billion in out of pocket costs in 2026 alone. These new prices cut the list cost for drugs that treat heart disease, blood clots, diabetes, cancer, and more by nearly 40% to 80%.

Lowering energy costs with the largest climate investment in history

The Inflation Reduction Act is tackling the climate crisis by advancing clean power, cutting pollution from buildings, transportation, and industry and supporting climate-smart agriculture and forestry. The law is accelerating our progress toward President Biden and Vice President Harris’ goal of cutting U.S. climate pollution by 50 to 52 percent below 2005 levels in 2030.

Two years after the signing of the Inflation Reduction Act, the Biden-Harris Administration has made tremendous progress implementing the climate and clean energy provisions of this law quickly and effectively. Treasury guidance is now available for nearly all of the Inflation Reduction Act’s clean energy tax provisions. On the grant, loan, and rebate side of the law, nearly two thirds of Inflation Reduction Act funding has been awarded. As an example of the Administration’s rapid progress on implementation, today the Environmental Protection Agency announced that all $27 billion in awards through their Greenhouse Gas Reduction Fund are now obligated. $20 billion of these awards go toward a national clean energy financing network that will support tens of thousands of clean energy projects, reducing or avoiding millions of metric tons of carbon pollution annually over the next seven years. The other $7 billion in awards through the Solar for All program will save over $350 million each year on energy bills for over 900,000 low-income and disadvantaged households through residential solar.

In the two years since President Biden signed the Inflation Reduction Act into law:

  • Clean energy projects are creating more than 330,000 jobs in nearly every state in the country, according to outside groups.
    • Companies have announced $265 billion in new clean energy investments in nearly every state in the nation. According to Treasury Department analysis, many of these investments are happening in underserved communities—since the IRA passed, 75% of private sector clean energy investments made since the Inflation Reduction Act passed have occurred in counties with lower than median household incomes,  and clean energy investment in energy communities has doubled. Last week, Treasury and IRS released new data showing that in 2023, more than 3.4 million American families saved $8.4 billion from IRA consumer tax credits on home energy technologies. These tax credits can save families up to 30% off heat pumps, insulation, rooftop solar, and other clean energy technologies. New York and Wisconsin have now launched home energy rebate programs, with more states expected to launch later this summer and fall. Already, 22 states have submitted their applications to DOE to receive their full rebate funding. These rebate programs help low- and middle-income families afford cost-saving electric appliances and energy efficiency improvements by providing rebates up to $14,000 per household. In total, the IRA rebates programs are expected to save consumers up to $1 billion annually in energy costs and support an estimated 50,000 U.S. jobs in residential construction, manufacturing, and other sectors. 
    • Since January 2024, more than 250,000 Americans have claimed the Inflation Reduction Act’s EV tax credits—either $7,500 off a qualified new electric vehicle, or up to $4,000 off a qualified used electric vehicle. In total, these taxpayers have saved about $1.5 billion and nearly all buyers claimed the incentive at the point of sale.


Making the tax system fairer and making the wealthy pay their fair share

The Inflation Reduction Act fully pays for these investments, and reduces the deficit over the long run, by cutting wasteful spending on special interests and making big corporations and the wealthy pay more of their fair share. After 55 of the biggest corporations in America paid $0 in federal income tax on $40 billion in profits in 2020, the Inflation Reduction Act requires billion-dollar corporations to pay at least 15 percent in tax. It also requires corporations to pay a 1 percent excise tax on stock buybacks, encouraging businesses to invest in their growth and productivity instead of funneling tax-preferred profits to foreign shareholders. By making large corporations pay more of their fair share, the IRA will raise around $300 billion over a decade.

The Inflation Reduction Act also makes a historic investment in modernizing the IRS, providing funding to better taxpayer experience, reduce fraud, and upgrade critical technology infrastructure. Thanks to these investments, the IRS has already:

  • Improved services for millions of taxpayers. This spring, the IRS answered 3 million more phone calls than in 2022, cut phone wait times to three minutes from 28 minutes, served 200,000 more taxpayers in person, and saved taxpayers 1.4 million hours on hold last filing season. It also expanded online services, enabling 94% of taxpayers to submit forms digitally instead of via mail if they so choose.
    • Successfully piloted Direct File, allowing taxpayers to easily file their taxes online and for free, directly with the IRS for the first time. Over 140,000 Americans successfully filed their taxes through Direct File this year, claiming over $90 million in refunds and saving an estimated $5.6 million in tax preparation fees. Users said Direct File was easy and fast to use, with 90% rating their experience excellent or above average. Building on this success, the IRS has invited all 50 states and the District of Columbia to join Direct File starting in 2025. 
    • Collected $1 billion from 1,500 millionaire tax cheats, launched enforcement action against 25,000 millionaires who have not filed a tax return since 2017, began audits on dozens of the largest corporations and partnerships, and cracked down on high-end tax evasion like deducting personal use of corporate jets as a business expense. At the same time, the IRS is adhering to Treasury Secretary Yellen’s commitment to not increase audit rates relative to current levels for small businesses and Americans making less than $400,000 a year.

Over the next decade, the Inflation Reduction Act’s investments will enable the IRS to further crack down on wealthy and corporate tax cheats and collect over $400 billion in additional revenue.

Going forward, the IRS is on track to implement additional improvements to taxpayer experience; provide additional in-person services in rural and underserved areas; redesign notices and forms to be less confusing; and expand online and mobile-friendly tools.

Investing in America to create jobs and expand opportunity

When President Biden thinks about climate change, he thinks about jobs. Two years into implementation of the Inflation Reduction Act, it’s easy to see why.

Across the nation, the Inflation Reduction Act is catalyzing a clean energy and manufacturing boom. Since President Biden took office, the Biden-Harris Administration’s Investing in America agenda has catalyzed nearly $900 billion in private sector investment commitments, including roughly $400 billion in clean energy across every state in the nation. That topline figure includes enough power generation to replace 40 Hoover Dams, the largest wind tower manufacturing facility in the world, the largest solar investment in US history.

Broader macroeconomic indicators also illustrate how, through tax credits and domestic content requirements within the law–we are successfully onshoring critical supply chains and encouraging a resurgence of domestic manufacturing. Real investment in manufacturing structures is at an all-time high—and has been for six quarters. Manufacturing’s contribution to GDP broke quarters for three consecutive quarters in 2023. And Americans have filed to open a record 300,000 new manufacturing businesses.

These investments are having real impacts on communities—particularly those that need it most. Public dollars are flowing disproportionately to disadvantaged and left behind communities: 99% of high-poverty counties have received funding from the infrastructure law, CHIPS Act, or Inflation Reduction Act, and non-metro communities have received nearly double the per capita funding of their urban counterparts. On the private sector side, analysis from the US Treasury tells a similar story. Since the IRA passed, 84% of announced clean investments have flowed to counties with college graduation rates below the national average, and the rate of investment in energy communities has more than doubled. Given these successes, it is no wonder that Republicans who voted against the bill are suddenly trying to take credit for it—and urging their leadership not to proceed with an unpopular repeal effort.

Statement from Vice President Kamala Harris on the Inflation Reduction Act Anniversary

Since day one of our Administration, President Joe Biden and I have made it a priority to strengthen the middle class by lowering costs, creating jobs, and advancing opportunity. That is why we fought to enact our Inflation Reduction Act, historic legislation that I was proud to cast the tie-breaking vote on in the Senate. In the two years since President Biden signed it into law, this landmark bill has already delivered for American families.

This transformational legislation is reducing the cost of health care for millions of people in communities across our nation – from capping the price of insulin at $35 a month for seniors to capping out-of-pocket drug costs at $2,000 a year for Americans on Medicare, which is expected to save nearly 19 million seniors an average of $400 per year. Additionally, Medicare is now able to negotiate lower prescription prices for millions of Americans while saving taxpayers billions by paying rates 40% to 80% lower for expensive medications used to treat conditions such as blood clots, heart disease, and cancer.

Our Inflation Reduction Act is also the single largest climate investment in American history. While taking on the climate crisis and lowering utility bills for families, it is helping us to rebuild American manufacturing and drive American innovation – creating good-paying union jobs, furthering economic opportunity, and contributing to the nearly $900 billion of private-sector investment since President Biden and I took office.

As we mark this two-year anniversary, President Biden and I recommit to doing everything in our power to ensure that families throughout our country have the freedom to thrive

Biden Administration, Climate Action, Climate Change, Jobs

FACT SHEET: Biden-Harris Administration Announces Historic Rules to Create Good-Paying, High-Quality Clean Energy Jobs

Inflation Reduction Act final rules build on Administration actions to develop a skilled, well-paid workforce to build the clean energy economy and combat the climate crisis. The Biden Administration has created mechanisms and collaborations to connect those who want to work in the clean energy industry with jobs. This fact sheet was provided by the White House:

Since day one, President Biden has committed to building a clean energy economy that creates good-paying and union jobs for American workers. Spurred by President Biden’s Investing in America agenda, which includes the most significant investment in climate and clean energy in history, America has unleashed a clean energy manufacturing and deployment boom that has attracted hundreds of billions of dollars in private sector investment and created more than 270,000 new good-paying and union clean energy jobs. These investments are flowing to the places President Biden promised not to leave behind, including the historic energy communities that have powered this nation for generations and economically distressed communities, providing jobs and economic opportunity, particularly for workers without a college degree.

The Inflation Reduction Act delivered on President Biden’s commitment to be the most pro-worker, pro-union president in history, attaching strong labor protections and incentives to climate and clean energy tax credits for the first time ever. Outside analysis projects that the Inflation Reduction Act could create 1.5 million additional jobs over the next decade, and these provisions will ensure that those jobs building wind farms, installing solar panels, and constructing hydrogen and carbon capture facilities will be good-paying and support proven pathways into the clean energy industry that will allow workers to earn while they learn.

Today, the Department of the Treasury and the Internal Revenue Service announced final rules implementing the prevailing wage and registered apprenticeship increased credit provisions of the Inflation Reduction Act.

Clean energy projects that meet the requirements of these final rules will receive a fivefold increase for clean energy tax credits for deployment of wind, solar, nuclear, hydrogen, and other clean energy technologies, as well as for projects receiving allocations under the Section 48C Advanced Energy Projects credit., providing a significant incentive for project developers to pay prevailing wages to workers for construction, alteration, and repair of clean energy projects and to hire registered apprentices to earn while they learn by working on those projects.  

Secretary of the Treasury Janet Yellen and Acting Secretary of Labor Julie Su also published a blog highlighting the use of Project Labor Agreements as a best practice for large construction projects and a tool to help project developers comply with the prevailing wage and apprenticeship requirements. Project Labor Agreements, or pre-hire collective bargaining agreements that set the terms and conditions for employment on a construction project, help workers and developers alike by providing strong worker and wage protections while ensuring a reliable supply of skilled workers to help deliver projects on time and on budget.

The final rules provide certainty for clean energy developers and workers to realize the benefits of President Biden’s historic investments in the clean energy economy. To protect workers and ensure compliance with these requirements, the IRS also released a Fact Sheet that can be posted at job sites and used to educate workers about the prevailing wage and registered apprenticeship standards for clean energy projects, including information on how to use IRS Form 3949-A to report suspected violations of tax law. The IRS and Department of Labor (DOL) also announced that they are working on an MOU, to be signed by the end of the year, that will harness DOL’s extensive prevailing wage and registered apprenticeship expertise, to facilitate joint education and public outreach, develop training content for IRS examiners, and formalize a process for DOL to share with IRS, any credible tips or information about potential noncompliance with the prevailing wage and registered apprenticeship requirements.

Today’s announcement builds on efforts across the Administration to create strong pathways into good-paying and union jobs in clean energy and build a high-quality, diverse pipeline of workers prepared to build the clean energy economy of the future:

  • The Department of Labor launched an interactive map to highlight for workers, unions, and the public more than 1,000 planned clean energy projects nationwide, including the estimated number of workers at each project who stand to benefit if taxpayers satisfy the prevailing wage and apprenticeship requirements.
     
  • The Biden-Harris Administration launched a series of Investing in America Workforce Hubs, partnerships with state and local officials, employers, unions, community colleges, high schools, and other stakeholders in regions with significant investments through President Biden’s Investing in America agenda, to connect Americans to good-paying jobs in industries of the future, including Hubs focused on clean energy.
     
  • First Lady Jill Biden announced the first set of five Hubs in May 2023, fueling significant progress in building and scaling new job training opportunities, while President Biden announced four more hubs in April to build on the success of the first set.
    • The Augusta, Georgia Workforce Hub announced partnerships between employers, unions, nonprofits, philanthropy, school districts, and colleges to build workforce and skills development efforts to meet the needs of the energy, battery and battery materials, and nuclear sectors.
  • The Pittsburgh Workforce Hub announced hundreds of new job opportunities and training pathways—including registered apprenticeships—in clean energy, as well as in cyber occupations that support clean energy and other critical sectors.
     
  • Building on historic investments in electric vehicle and battery manufacturing, President Biden launched the Michigan Electric Vehicle Workforce Hub, building on significant efforts underway, to ensure that the transition to electric vehicle supports the union workers and communities that have driven the auto industry for generations.
    • Vice President Kamala Harris visited Detroit in May to announce a suite of actions to support small- and mid-sized auto manufacturers and auto workers to lead the electric vehicle future.
       
  • In the Columbus Workforce Hub, Columbus State Community College is working with partners across the state to quadruple the number of students trained for engineering technology jobs. In addition, partners are preparing at least 10,000 skilled construction trades workers, including for clean energy jobs in the area.
     
  • The Department of Energy launched the Community Workforce Readiness Accelerator for Major Projects (RAMP) initiative, a pilot initiative that places selected fellows from across the nation in target geographies in order to  convene and  catalyze effective, inclusive workforce strategies to prepare and connect local workers to good jobs on large clean energy infrastructure and supply chain projects funded the Investing in America agenda.
     
  • The Department of Energy continues to incentivize grant and loan recipients across a wide array of Investing In America programs to commit to the use of registered apprenticeships, pre-apprenticeships, project labor agreements, collective bargaining agreements, community benefits agreements, and other established tools to ensure that workers have accessible on-ramps to good-paying and union jobs in the growing clean energy economy.
     
  • The Department of Energy, in coordination with the Department of Labor and the AFL-CIO, launched the Battery Workforce Initiative, a national workforce development strategy for lithium-battery manufacturing with $5 million to support pilot training programs. Recently, the Battery Workforce Initiative announced National Guideline Standards for registered apprenticeships for battery machine operators, created in partnership with battery manufacturers, community colleges, and unions, which lay out rigorous training requirements to support the skilled battery workforce.
     
  • Last week, the National Oceanic and Atmospheric Administration announced that it would invest $60 million from President Biden’s Inflation Reduction Act to advance climate-ready workforce projects in coastal and Great Lakes states, Tribes, and territories. The Climate-Ready Workforce Initiative will fund skills training in emergency preparedness and response, floodproofing, structural elevation, water and wastewater treatment, geographic information systems, and other critical climate-ready jobs. Every awarded project supports a community identified as disadvantaged by the Climate and Economic Justice Screening Tool.
     
  • The Department of Labor announced the award of nearly $94 million in grants to support 34 public-private partnerships to provide worker-centered sector strategy training programs in 25 states and the District of Columbia to meet workforce needs created by the Biden-Harris administration’s “Investing in America” agenda. The training will support jobs in sectors including clean energy. This investment will build career pathways in manufacturing Electric Vehicles (EVs), EV batteries, and EV charging infrastructure in places like Georgia, Indiana, Ohio, Pennsylvania, and Texas. The Department of Labor also announced the availability of approximately $35 million in funding through the second round of Building Pathways to Infrastructure Jobs grants to be awarded.
     
  • The Department of Energy announced up to $24 million in high-quality training for union apprentices, incumbent workers, and students for in-demand jobs in advanced manufacturing and clean energy through the Industrial Assessment Centers (IAC) Program. The announcement is part of the IAC Program’s unprecedented expansion to include Registered Apprenticeship, union-led training, and community and technical college programs through President Biden’s Investing in America agenda. It follows DOE’s $40 million investment, announced in November, to support 17 new IACs as well as the inaugural cohort of 10 Building Training and Assessment Centers. 
     
  • The Biden-Harris Administration launched the Advanced Manufacturing Sprint, an intensive drive to build a diverse, skilled pipeline of workers for needed to fill the good advanced manufacturing jobs created by President Biden’s Investing in America Agenda, including in clean energy, biotechnology, semiconductors, and more. As part of the Sprint, the Department of Labor announced that more than 4,700 apprentices have been hired and more than 150 new programs and occupations created or under development during the course of its Advanced Manufacturing Registered Apprenticeship Accelerator Series—including in the clean energy, semiconductor, aerospace, automotive, and biotechnology sectors.
     
  • The Department of Labor launched a $20 million cooperative agreement with TradesFutures, the nonprofit organization of partner of North America’s Building Trades Unions) and the National Urban League, to enroll more than 13,000 participants in apprenticeship readiness programs, giving them hands-on learning experience and skills development, and place at least 7,000 participants into Registered Apprenticeships in the construction industry. The launch followed the Department of Labor’s announcement of nearly $200 million in grants to expand registered apprenticeships, including for clean energy jobs.
     
  • The Biden-Harris Administration launched the Infrastructure Talent Pipeline Challenge, nationwide call to action that brought together more than 350 employers, unions, education and training providers, states, local governments, Tribes, territories, philanthropic organizations, and other stakeholders to make tangible commitments that support equitable workforce development in critical sectors, including electrification.
    • As part of the Talent Pipeline Challenge, the International Brotherhood of Electrical Workers trained more than 20,000 members through the Electric Vehicle Infrastructure Training Program to meet the training requirements for the Department of Transportation National Electric Vehicle Infrastructure Program to install fast EV chargers on national corridors and in communities.
       
  • The Department of Labor has invested more than $440 million to expand, diversify, and modernize registered apprenticeships, including in high demand clean energy occupations including electricians, water treatment specialists, wind turbine maintenance technicians and other occupations. DOL has also invested in a clean energy apprenticeship industry intermediary, Interstate Renewable Energy Coalition, to increase industry awareness, connect employers and labor organizations with workforce and education partners, and provide technical assistance to launch, scale, and diversify Registered Apprenticeship programs. These investments and resources expand the capacity of the Registered Apprenticeship system, supporting the education and training needs of more than 1 million apprentices across the country, including the clean energy sector. 
     
  • The Department of Energy is working with the National Renewable Energy Laboratory on a first of its kind national Energy Workforce Needs Assessment to project employment impacts from President Biden’s Investing in America agenda and related private investments by occupation and geography, analyze current education and training capacity, and identify the most acute workforce gaps and strategies to fill them. 
     

The Department of Energy has convened a federal advisory committee called the 21st Century Energy Workforce Advisory Board to develop a strategy and recommendations on how DOE and other federal agencies should address the workforce needs, challenges, and opportunities of a rapidly changing energy system. The report is expected in early August. 

Biden Administration, Climate Action, Climate Change

Fact Sheet: Biden-Harris Administration Takes Action to Expand Access to Capital for Small- and Medium-Sized Climate Businesses

The Biden Administration is accomplishing a real transition to clean energy and a sustainable green economy through promoting investments in technology, businesses, and innovation with state and local governments and private businesses, while demanding a framework of economic and environmental justice. This fact sheet listing Biden Administration actions to expand access to capital for small and medium sized climate businesses was provided by the White House:

Through President Biden’s Investing in America agenda, the U.S. is making the largest public investment in climate action in history. The Bipartisan Infrastructure Law and Inflation Reduction Act, the largest-ever investment in climate action, introduced and expanded grants, loans, tax incentives, and other programs to accelerate clean energy deployment, invest in resilience, and seed breakthrough innovative technologies. Combined with unprecedented executive action, these investments are setting the United States on a path to achieve President Biden’s ambitious climate goals — including cutting greenhouse gas emissions in half by 2030 and reaching net zero by 2050. President Biden’s historic economic policies have spurred unprecedented levels of private investment into America’s clean energy economy. Since the start of the Biden-Harris Administration, the private sector has announced $866 billion in new investments in clean energy and manufacturing.

Creating economic opportunity for all American communities, entrepreneurs, and workers is central to President Biden’s economic and climate agenda. The Biden-Harris Administration is committed not only to catalyzing investment for climate and clean energy companies, but also to expanding access to that investment, ensuring all communities, including those historically left behind, benefit from these unprecedented resources.  

Today, National Economic Advisor Lael Brainard, National Climate Advisor Ali Zaidi, and Small Business Administrator Isabel Casillas Guzman will host a Climate Capital Convening at the White House with investors, climate technology start-ups, small business owners, and entrepreneurs to discuss opportunities to mobilize capital for climate-focused businesses across America.
 
The Biden-Harris Administration will also announce new actions and resources to expand access to climate capital:
 
Releasing the new Climate Capital Guidebook:

The Biden-Harris Administration is releasing a new Climate Capital Guidebook to provide a simple, comprehensive map of capital programs across the federal government that are available to climate-related start-ups, small- and medium-sized businesses, and their investors. While larger, institutionally-backed climate companies may have the resources to identify and access federal funding opportunities, smaller enterprises may face greater challenges in navigating these federal programs.

The Guidebook includes financing and funding programs created and expanded by the Biden-Harris Administration, including those made possible by the Bipartisan Infrastructure Law, the Inflation Reduction Act, and longstanding annual appropriations. It inventories opportunities across the entire federal government, including the Department of Energy, the Department of Agriculture, the Small Business Administration, and the Export-Import Bank of the United States. Together, these programs comprise hundreds of billions of dollars in grants, loans, loan guarantees, and other funding tools to spur the financing and deployment of new clean energy and climate projects — while simultaneously focusing on delivering cleaner air, good-paying jobs, and affordable clean energy to disadvantaged communities, energy communities, and other communities in need.  The Guidebook also indicates programs that are part of President Biden’s Justice40 Initiative, which set the goal that 40% of the overall benefits of certain federal climate, clean energy, and other investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution.


Expanding financing to support small businesses’ adoption of clean energy:

Small businesses are a critical part of achieving net zero by 2050 and should have access to capital to deploy new clean energy and climate projects.

The Small Business Administration’s 504 Loan Program provides long-term, fixed rate loans of up to $5.5 million from Small Business Administration-approved lenders to small businesses for certain energy and manufacturing projects to support capital expenditures such as real estate or equipment. Previously, this program was capped at three loans per company, allowing each company to receive a total of $16.5 million in loans backed by the Small Business Administration.  This month, the Small Business Administration is lifting its cap on the number of 504 loans that small businesses may receive for “energy public policy projects,” which include projects that reduce energy consumption such as retrofits and/or renewable energy projects such as adding solar. In lifting this cap, small businesses may now bundle multiple 504 loans to finance projects that leverage clean energy technologies to lower production costs, improve energy efficiency, and contribute to emissions reductions goals.

This change increases the total financing available to small businesses tackling climate change and investing in a clean energy future.

Today’s announcements build on prior Biden-Harris Administration actions to expand access to climate capital, including:

Expanding Financing for Clean Energy and Climate Solutions:

  • Thanks to the President’s Inflation Reduction Act, the Environmental Protection Agency is implementing the $27 billion Greenhouse Gas Reduction Fund, a first-of-a-kind national financing program to catalyze private investment in clean energy projects. The agency announced $14 billion for a National Clean Investment Fund, $6 billion for the Clean Communities Investment Accelerator, and $7 billion for the Solar for All Program. Together, these investments are creating new clean energy job opportunities and reducing pollution in low-income and disadvantaged communities, as part of President Biden’s Justice40 Initiative.
  • The Inflation Reduction Act contains new and expanded tax credits to support investment in new clean electricity generation projects, clean energy manufacturing plants, electric vehicle charging stations, and other clean energy projects. The law also contains new credit monetization provisions for direct pay and transferability, which are expanding eligibility to tax-exempt entities like cities, states, and nonprofit organizations and helping to lower the cost of financing clean energy investments.
  • Made possible by funding from the American Rescue Plan, the Department of the Treasury allocated nearly $10 billion through the State Small Business Credit Initiative to deliver funding to states, territories, and Tribal governments that spurs lending and support to small businesses. Several states are using funds from the State Small Business Credit Initiative to support climate-focused initiatives, for example: Connecticut is leveraging $89 million to launch a climate equity and venture capital program, Illinois is using $20 million to support its Climate Bank Finance Participation Loan Program, and New Jersey is committing $80 million to its Clean Energy Loans Program.
     
  • The Department of the Treasury, through the Community Development Financial Institutions Fund (CDFI Fund), is promoting access to capital in low-income communities through monetary awards and tax credits to certified CDFIs. The program recently began collecting data on climate-centered financing by CDFIs — including projects related to climate resilience, extreme weather response or preparation, emission reduction, sustainability, energy or water efficiency, and clean energy projects.
  • The Department of Defense and the Small Business Administration are jointly rolling out the Small Business Investment Company Critical Technologies Initiative to increase capital investment in technologies critical to U.S. economic and national security. The initiative provides equity, debt, and other capital investments in specified critical technology areas, including renewable energy generation and storage.

Funding Clean Energy and Climate Projects Across the Economy:

  • The Small Business Administration’s flagship 7(a) Loan Program provides small businesses access to financing for a wide variety of projects, including acquiring new real estate, working capital, refinancing, and purchasing new equipment. In August 2023, the Small Business Administration announced its Affiliation Rule and SBLC Rule. This rule included changes to how affiliation is assessed and removed “control” as a factor in determining eligibility of a borrower under current size standards. In effect, this change will enable more small businesses, especially innovative venture-backed companies, to access the credit they need to start up and grow. 
  • The Small Business Administration plans to establish a new Working Capital Pilot Program under its signature 7(a) lending program to provide lines of credit to small businesses, including clean energy and climate technology manufacturers, to support their domestic or export finance needs. The program will be paired with business counseling from the Small Business Administration.
  • The Department of Energy is accepting Round 2 applications on behalf of the Internal Revenue Service for the Qualifying Advanced Energy Project Tax Credit, funded by the Inflation Reduction Act. After $4 billion in tax credits were allocated to taxpayers in Round 1 in Spring 2024, the program will allocate an additional $6 billion in tax credits to projects in three areas: clean energy manufacturing, critical materials, and industrial decarbonization. A portion of the funds have also been set aside for projects in certain designated energy communities.
  • The Bipartisan Infrastructure Law and Inflation Reduction Act created the Clean Ports Program and the Reduction of Truck Emissions at Port Facilities Program, both of which help advance the Justice40 Initiative. Through the Clean Ports Program, the Environmental Protection Agency is awarding $3 billion to fund zero-emission port equipment and infrastructure as well as climate and air quality planning projects at ports. Through the Reduction of Truck Emissions at Port Facilities Program, the Department of Transportation is investing $400 million in port electrification and efficiency; $148 million in awards were made earlier in 2024, and companies can apply to a second funding opportunity that will go live later this year.
  • The Departments of Energy and Transportation are working together with states to build out the infrastructure for an electric mobility future while furthering the Justice40 Initiative. The National Electric Vehicle Infrastructure Formula Program is providing a total of $5 billion over five years to states to deploy electric vehicle charging infrastructure along corridors, and the Charging and Fueling Infrastructure Program is providing an additional $2.5 billion over five years to fill gaps in the national network by installing chargers in various communities. The SMART Program is granting states $500 million over five years to conduct demonstration projects focused on advanced smart community technologies and systems that improve transportation efficiency and safety. And the Communities Taking Charge Accelerator Program is providing $54 million in funding for projects that expand community e-mobility access and provide reliable clean energy, accelerating the transition to electric vehicles, including in disadvantaged communities.
  • The Department of Housing and Urban Development and the Department of Energy are collaborating with state and local partners to ensure that funding for affordable housing development can also be used to deploy clean energy technologies like heat pumps. Programs like the Green and Resilient Retrofit Program, the annual Innovative Housing Showcase, and the Buildings Upgrade Prize highlight how funds for affordable housing can simultaneously benefit clean energy and climate companies.

Building Federal Resource Hubs and Providing Technical Assistance:

  • The Small Business Administration launched its Investing in America Small Business Hub, a new digital resource to help small businesses identify and access industry-specific tax credit, rebate, contracting, and grant opportunities made possible by President Biden’s Investing in America agenda.
  • The Environmental Protection Agency published a list of Clean Energy Finance Tools and Resources to help state and local governments access financing for clean energy and climate programs. This includes a toolkit for state and local decision-makers on financing opportunities such as green banks, revolving loan funds, municipal bonds, and green bonds.
  • The Department of the Treasury launched the IRA Taxpayer Resource Hub, a one-stop-shop for information on the Inflation Reduction Act’s clean energy tax benefits. The Hub details how businesses can take advantage of clean energy tax credits to help finance new investments in clean power systems, energy efficiency upgrades, or electric vehicles.
  • The Department of Housing and Urban Development launched the Build for the Future Hub to connect users — including state and local governments, Tribal entities, private entities, and non-profits — to funding opportunities, technical assistance, and other information related to clean energy, climate resilience, energy efficiency, green workforce development, and more.
  • The National Institute of Standards and Technology’s Manufacturing Extension Partnership provides a government-to-business and business-to-business portal for supplier scouting. Public and private organizations can access this portal for business or technology connections, including in clean energy and climate-related industries. Local Manufacturing Extension Partnership Centers facilitate government, original equipment manufacturer, and small and medium-sized manufacturer matchmaking events for clean energy companies.
  • The Department of Labor offers workforce development opportunities for clean energy and climate technology companies. The Office of Apprenticeship connects employers with workforce and education partners and provides technical assistance to launch and expand Registered Apprenticeship programs. The Battery Workforce Initiative — an industry-driven, government-facilitated partnership coordinated by the Department of Energy — is accelerating the development and use of high-quality, standardized training materials in key occupations for companies and local training providers in the battery manufacturing industry.

Seeding Commercial Innovation:

  • The U.S. Economic Development Administration designated 31 communities across the United States as Regional Technology and Innovation Hubs (Tech Hubs) to drive regional innovation, private investment, and job creation to strengthen each region’s capacity to manufacture, commercialize, and deploy technology that advances national security. The hubs in Florida, Idaho/Wyoming, Louisiana, Missouri, Nevada, New York, and South Carolina/Georgia cite a growing need for clean energy technologies to build global economic competitiveness.
  • The U.S. Economic Development Administration’s Build to Scale Program makes awards to strengthen regional innovation ecosystems that equitably support diverse technology innovators, entrepreneurs, and start-ups, including in clean energy and other climate-related industries.