Tag Archives: Biden Climate Action

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 industrytransmission buildout and other power grid upgradesresidential solar for low-income households, investments in clean electricity across rural Americaefficient 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,  truckingtransitrail, and aviation, all while making communities more walkablebikeable, 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 pollutionaccelerate Superfund and brownfield cleanupstighten 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 pollutionair 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 plantscars 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.

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 CorpsWorking 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.

FACT SHEET: Biden-Harris Administration Releases Agency Climate Adaptation Plans, Demonstrates Leadership in Building Climate Resilience

This fact sheet on the Biden-Harris Administration’s agency climate adaptation plans to build climate resilience was provided by the White House:

Across the country, communities are experiencing the devastating impacts of climate change. From record-high average temperatures and extreme heat to changing precipitation patterns and sea-level rise, climate impacts – including disasters made worse by climate change – are affecting every corner of society and every community in America. The magnitude of challenges posed by the climate crisis was underscored last year when the nation endured a record 28 individual billion-dollar extreme weather and climate disasters that caused more than $90 billion in aggregate damage. Just this week, more than 82 million Americans have been under heat alerts due to extreme temperatures made worse by climate change. That is why President Biden is leading the most ambitious climate, conservation, and environmental justice agenda in history, which includes directing federal agencies to lead by example.

The Biden-Harris Administration released updated Climate Adaptation Plans developed by more than 20 federal agencies that expand agency efforts to ensure their facilities, employees, resources, and operations are increasingly resilient to climate change impacts like extreme weather. This work advances the Biden-Harris Administration’s National Climate Resilience Framework, which helps to align climate resilience investments across the public and private sector through common principles and opportunities for action to build a climate-resilient nation. These efforts are backed by President Biden’s Investing in America agenda, through which more than $50 billion is being delivered to advance climate adaptation and resilience across the nation, including in communities that are the most vulnerable to climate impacts.

At the beginning of his Administration, President Biden tasked agencies with leading a whole-of-government effort to address climate change through Executive Order 14008, Tackling the Climate Crisis at Home and Abroad. Federal agencies released initial Climate Adaptation Plans in 2021 and progress reports outlining advancements toward achieving their adaptation goals in 2022. With more than 300,000 buildings, four million employees, 640 million acres of public land, and $700 billion in annual purchases of goods and services, the federal government must continue to be a leader and partner in advancing adaptation and resilience.

In coordination with the White House Council on Environmental Quality (CEQ) and the Office of Management and Budget (OMB), agencies updated their Climate Adaptation Plans for 2024 to 2027 to better integrate climate risk across their mission, operations, and asset management, including:

  • Combining historical data and projections to assess exposure of assets to climate-related hazards including extreme heat and precipitation, sea level rise, flooding, and wildfire;
    • Expanding the operational focus on managing climate risk to facilities and supply chains to include federal employees and federal lands and waters;
    • Broadening the mission focus to describe mainstreaming adaptation into agency policies, programs, planning, budget formulation, and external funding;

Today, the Biden-Harris Administration is making available more than 20 updated Climate Adaptation Plans from major federal agencies. Highlights of key actions to address the effects of climate change on agency operations and mission-delivery include:

  • Building facility climate resilience. Agencies are retrofitting and upgrading federal buildings to better withstand climate hazards and provide emergency backup systems for power, water, and communications. For example, the Department of Defense’s Tyndall Air Force Base is working with local, state, and national partners to build an “Installation of the Future,” which includes using updated building codes that capture future conditions, and constructing living shorelines adjacent to the base to preserve water quality, enhance overall ecosystem health, and strengthen flood resilience. The General Services Administration (GSA) is integrating localized flood risk information into its asset management systems, asset planning processes, and site acquisition guidance for GSA-controlled, federally owned buildings.
    • Fostering a climate-ready workforce. Agencies are establishing protocols to ensure continuity of operations and safeguard federal employee wellbeing in the face of increasing exposure to climate-related hazards. The Occupational Safety and Health Administration within the Department of Labor is providing resources to help federal agencies address employee exposure to climate hazards such as extreme heat, flooding, and wildfires, with guidance on how to manage impacts and exposure to these hazards. To ensure employee safety, the Department of Energy is enhancing communication systems to alert employees to climate hazards in the workplace and, where needed, improving air filtration standards to manage health impacts of wildfire smoke.
    • Developing climate-resilient supply chains. Agencies are assessing mission-critical supply chains, diversifying their suppliers, and encouraging climate-smart sourcing to enhance resilience to climate-related disruptions. The National Aeronautics and Space Administration (NASA) is developing a toolset to analyze risks and address impacts from climate change and real-time disaster disruption on NASA’s supply chains. The U.S. Army Corps of Engineers is evaluating suppliers’ locations, infrastructure, and vulnerability to climate-related risks, including identifying critical supply chain nodes vulnerable to climate change impacts, such as ports, warehouses, and transportation routes.
    • Managing lands and waters for climate adaptation and resilience. Federal land and water management agencies are protecting, connecting, and conserving federal lands and waters to provide strongholds for species and enhance community wellbeing in a changing climate. The National Oceanic and Atmospheric Administration (NOAA) within the Department of Commerce continues to advance its Mission Iconic Reefs Initiative, a first-of-its-kind effort to restore coral reef sites and promote coastal resilience to climate impacts in the Florida Keys National Marine Sanctuary. The Department of the Interior is advancing “Keystone Initiatives” that include restoring Atlantic salt marshes to buffer coastal communities to flooding, supporting watershed restoration projects in the Klamath Basin to improve drought resilience, conducting fuels management activities in sagebrush ecosystems to manage wildfire risk.
    • Applying climate data and tools to decision-making. Agencies are using data and tools to better understand climate risks and inform decisions and investments. CEQ worked with NOAA to develop a beta screening tool that enabled agencies to overlay their buildings and employee data with climate hazard data to understand where agencies may be most exposed to climate-related hazards. Agencies are developing their own internal tools to understand site-specific climate risks to their assets and use that risk information to inform their investments. The Department of Transportation’s Climate Hazard Exposure and Resilience Tool integrates high-quality, publicly available natural hazard and climate projection data layers with vulnerability assessments from site managers to present a climate risk score for each facility or asset. The Department of Justice’s Facility Climate Hazard Assessment Tool supports components in assessing the extent to which their real property assets are exposed to current and future climate hazards, including coastal flooding, extreme heat, drought, wildfire, riverine flooding, hurricanes, and tornadoes.
    • Developing climate-informed policies and programs. Agencies are incorporating consideration of climate impacts and adaptation actions in federal policies and guidance, where relevant. For example, the U.S. Department of Agriculture’s Forest Service is updating or proposing climate-informed revisions to guidance and policies related to silviculture practices, beneficial uses of forest restoration byproducts, recreation, and designated areas planning, habitat and water resource management, and forest-level land management planning. The Department of Veterans Affairs is integrating health, demographic, and climate change information to anticipate the effects of climate change on Veterans’ health and plan for adjustments to their program delivery in the future. The Environmental Protection Agency is integrating consideration of climate risks into multiple actions as appropriate and where consistent with its statutory authorities: for example, in the development of rules, policy and guidance; permitting and environmental reviews; in monitoring, enforcement, and compliance activities; and in grant making.
    • Integrating climate resilience into external funding opportunities. Agencies are encouraging the consideration of climate impacts on federally-supported projects and advancing climate resilience through federal project delivery and grant-making, including incorporating climate-smart infrastructure practices across the Administration’s historic infrastructure investments. Department of State Bureaus have reviewed grant and foreign assistance announcements and requirements to ensure relevant grants and foreign assistance include climate risk and adaptation considerations. The Department of Housing and Urban Development is including climate change preference points in Notices of Funding Opportunities to encourage applications that invest in climate resilience, energy efficiency, and renewable energy. The Department of Homeland Security’s Federal Emergency Management Agency continues to incentivize and support climate adaptation at state and local levels via financial assistance programs such as the Hazard Mitigation Grant Program, the Flood Mitigation Assistance program, and the Building Resilient Infrastructure in Communities program.

The agencies releasing updated Climate Adaptation Plans are:

  • Army Corps of Engineers
    • Department of Agriculture
    • Department of Commerce
    • Department of Defense
    • Department of Education
    • Department of Energy
    • Department of Health and Human Services
    • Department of Homeland Security
    • Department of Housing and Urban Development
    • Department of the Interior
    • Department of Justice
    • Department of Labor
    • Department of State
    • Department of the Treasury
    • Department of Transportation
    • Department of Veterans Affairs
    • Environmental Protection Agency
    • General Services Administration
    • National Aeronautics and Space Administration
    • National Archives and Records Administration
    • National Capital Planning Commission
    • Smithsonian Institution
    • Social Security Administration
    • Tennessee Valley Authority

All plans are available at www.sustainability.gov/adaptation.

FACT SHEET: Biden-Harris Administration Announces Key Actions to Strengthen Electric Grid, Boost Clean Energy Deployment and Cut Dangerous Pollution from Power Sector

This fact sheet on what the Biden-Harris Administration is doing to strengthen the electric grid, boost clean energy deployment and create jobs, and cut dangerous pollution from the power sector was provided by the White House:

A solar array on a New York State farm. This month the EPA announced $20 billion in grant awards under two competitions from the Greenhouse Gas Reduction Fund to create a national network to fund tens of thousands of climate and clean energy projects across America, especially in communities historically left behind and overburdened by pollution. © Karen Rubin/news-photos-features.com

Since Day One, President Biden has led and delivered on the most ambitious climate and environmental justice agenda in history, including securing the largest-ever climate investment. The power sector, which is responsible for a quarter of annual U.S. greenhouse gas emissions, now has more tools than ever – including unprecedented financial support, efficient permitting, and long-term regulatory certainty – to reduce pollution and upgrade the grid to support more factories, electric vehicles, and other growing sources of electricity demand.

Today, the Biden-Harris Administration is announcing key actions to build on this momentum and deliver clean electricity to more homes and businesses, helping lower energy costs for American families and power the U.S. manufacturing renaissance driven by President Biden’s Investing in America agenda, while providing cleaner air and water to communities long overburdened by pollution from fossil fuel power plants.
 
The Environmental Protection Agency (EPA) is announcing a suite of standards to cut greenhouse gas emissions as well as toxic air pollution, water pollution, and land contamination from fossil fuel power plants. EPA’s greenhouse gas emission standards will avoid 1.38 billion metric tons of carbon pollution through 2047, equivalent to the annual emissions of 328 million gas cars, and together with the other standards will provide hundreds of billions of dollars in climate, environmental justice, and public health benefits, including fewer premature deaths, asthma cases, and lost work and school days. The standards announced today will ensure that power companies use modern, cost-effective technologies to reduce pollution and protect the health and wellbeing of communities, including communities historically overburdened by pollution.
 
The Department of Energy (DOE) is announcing up to $331 million through President Biden’s Bipartisan Infrastructure Law for a new transmission line that will be built with union labor – the latest awards from the Administration’s $30 billion investment in strengthening America’s electric grid infrastructure. A capacity contract from the Transmission Facilitation Program (TFP) will support a new 285-mile transmission line from Idaho to Nevada, bringing more than 2,000 Megawatts of needed transmission capacity to the region. The Southwest Intertie Project-North is expected to provide hundreds of jobs to workers with the International Brotherhood of Electrical Workers.
 
Alongside this critical investment, DOE is releasing a final rule to make federal permitting of new transmission lines more efficient, ensuring meaningful engagement with Tribes, local communities, and other stakeholders. The rule establishes the Coordinated Interagency Transmission Authorization and Permits (CITAP) program, which aims to improve coordination across agencies, create efficiencies, and establish a standard two-year timeline for federal transmission authorizations and permits. The CITAP program gives transmission developers a new option for a more efficient review process, a major step to provide increased confidence for the sector to invest in new transmission lines.
 
DOE is also issuing a final rule to create an even faster track for completing environmental reviews of upgrades to existing transmission lines, which will increase reliability and lower energy costs. The rule creates a categorical exclusion, the simplest form of review under the National Environmental Policy Act, for projects that use existing transmission rights of way, such as reconductoring projects, as well as for solar and energy storage projects on already disturbed lands.
 
Additionally, today, the Administration is launching an effort to mobilize public and private sector leaders to expand the capacity of the existing U.S. transmission network, setting an ambition to upgrade 100,000 miles of transmission lines over the next five years. The Administration has made funding available through the Grid Resilience and Innovation Partnership (GRIP) program to support upgrades to existing transmission lines, and DOE’s categorical exclusion issued today will speed up the process to upgrade existing lines. The power sector can achieve this ambition primarily by deploying modern grid technologies like high-performance conductors and dynamic line ratings that enable existing transmission lines to carry more power. As a complement to building new lines, deploying solutions like these offer fast and cost-effective ways to unlock hundreds of gigawatts of additional clean energy, increase system reliability and resilience, reduce grid congestion, and cut energy costs.
 
These efforts all work in tandem – historic investments from President Biden’s Investing in America agenda that are making America a magnet for clean energy investment; continued permitting progress to get projects up and running; and smart standards to provide rules of the road for power companies, enabling them to seize the unprecedented opportunities to deliver clean electricity across the country. These steps – which are part of a broader slate of Earth Week announcements – build on President Biden’s actions since Day One to tackle the climate crisis and advance environmental justice.
 
Upgrading the Electric Grid for Reliability and Resilience
President Biden’s Investing in America agenda is delivering the largest investment in grid infrastructure in history—more than $30 billion from the Inflation Reduction Act and the Bipartisan Infrastructure Law. These investments will help deliver reliable, affordable electricity to families and businesses, prepare for worsening natural disasters that strain the grid, and unlock the economic and environmental benefits of clean energy. To help expand the transmission system at the pace necessary to confront the climate crisis, today’s actions and additional recent steps will help streamline permitting and overcome financial hurdles:
 

  • Completing a New Transmission Line: Today the Department of the Interior (DOI) is celebrating the completion of the Ten West Link transmission line from Arizona to California. The line began transmitting electricity today and will increase reliability and unlock more than 3,200 megawatts of capacity from solar projects. DOI approved the construction of this project in 2022.
     
  • Continuing to Invest in Grid Upgrades: Last week applications closed for up to $2.7 billion in DOE grant funding under the second round of the Grid Resilience and Innovation Partnerships (GRIP) program for projects to upgrade and modernize the transmission and distribution system to increase reliability and resilience. This builds upon $3.46 billion in projects selected for grid upgrades in October 2023, which are funded by President Biden’s Bipartisan Infrastructure Law.
     
  • Charting the Future of the Grid to Meet Emerging Challenges: Last week DOE released the 2024 Future of Resource Adequacy Report to lay out solutions to meet increasing electricity demand while cutting emissions and maintaining affordability. DOE also released the Innovative Grid Deployment Liftoff Report to chart pathways to deployment of modern, commercially available transmission and distribution technologies that could support 20 to 100 gigawatts of peak demand.

Revitalizing U.S. Manufacturing and Securing Clean Energy Supply Chains
Thanks to incentives from President Biden’s Inflation Reduction Act and Bipartisan Infrastructure Law, the clean energy future will be made in America. Under the Biden-Harris Administration, private companies have invested almost $80 billion in clean energy manufacturing. Strengthening U.S. clean energy supply chains not only benefits American workers but also makes it easier to deploy clean energy even faster to cut emissions. Recent actions continue the progress to build and secure domestic supply chains and ensure that the U.S. will lead the world in clean energy manufacturing:
 

  • Expanding U.S. Clean Energy Manufacturing and Creating Good-Paying Jobs: The Treasury Department and DOE recently announced $4 billion in Inflation Reduction Act tax credit allocations for over 100 manufacturing projects across 35 states under the Qualifying Advanced Energy Project Tax Credit (48C). This includes projects to manufacture transformers and grid components, electric vehicle components and chargers, and transmission cables, produce clean steel, and process critical minerals and materials. These allocations include $1.5 billion for projects in historic energy communities that have experienced closure of coal mines and power plants.
     
  • Securing the U.S. Nuclear Fuel Supply Chain: Last week, DOE announced several milestones on the path to establish a domestic fuel supply chain for nuclear energy and reduce our reliance on imports. DOE recently closed the requests for proposal to purchase high-assay low-enriched uranium (HALEU) needed for advanced nuclear reactors, which is part of a $700 million program secured through the Inflation Reduction Act. Moreover, an enrichment plant (located in Piketon, Ohio) produced the first 100 kilograms of civilian HALEU ever in the United States with future plans to expand to 900 kilograms. U.S. capabilities will increase further thanks to an additional $2.7 billion made available from the Bipartisan Infrastructure Law in the Fiscal Year 2024 Energy and Water Development, which, when paired with $2.2 billion from France and the United Kingdom meets and exceeds a commitment made last fall at COP28 to pool funds to develop a safe and secure global supply chain.

 
Deploying Clean Energy to Meet America’s Power Needs
The President’s Investing in America agenda has unleashed unprecedented investment in deployment of clean energy technologies, attracting hundreds of billions of dollars in private sector investment and creating over 270,000 new clean energy jobs. The Administration is taking additional steps to accelerate buildout of clean energy and remove roadblocks to deployment to ensure that new clean energy resources can come online fast to meet growing demand. Recent actions include:
 

  • Accelerating Offshore Wind Deployment: Yesterday DOI announced plans for the next five years of offshore wind leasing, as well as a final rule to modernize offshore wind regulations. Over the next 20 years, the final rule is expected to result in cost savings of roughly $1.9 billion to the offshore renewable energy industry, savings that can be passed onto consumers or used to invest in additional job-creating clean energy projects.  Additionally, DOE released the Offshore Wind Liftoff Report, charting a path to success for the next wave of projects through continued innovation and cost reductions, along with DOE’s latest steps to support offshore wind manufacturing and transmission development.  Through these actions, the Biden-Harris Administration continues to support state leadership and use every tool available to responsibly grow an American offshore wind industry that will create thousands of good-paying jobs, including federal investments and approvals under President Biden’s leadership of 10 gigawatts of commercial-scale offshore wind projects, with the first two already providing power to the grid, as well as over 1 million acres newly leased to provide offshore wind opportunities for years ahead.
     
  • Promoting Development of Renewable Energy on Public Lands: This month DOI issued a final rule to reduce fees for solar and wind projects on public lands by 80 percent and announced that DOI has now permitted more than 25 gigawatts of clean energy projects on public lands, surpassing a major milestone ahead of 2025.
     
  • Speeding Up Process to Connect New Power Plants to the Grid: Last week DOE released the Transmission Interconnection Roadmap, a first-of-its-kind report laying out solutions to accelerate the process to connect clean energy projects to the grid and reduce wait times for new solar, wind, and battery projects. The Roadmap complements $10 million that DOE recently made available for analytical tools and other approaches to accelerate the interconnection process. Additionally, the Federal Energy Regulatory Commission is moving forward to implement a series of major transmission reforms, including a final rule to streamline the interconnection process.
     
  • Taking Advantage of Extensive Geothermal Energy Resources:  Last week DOI adopted categorical exclusions to expedite the review and approval of geothermal energy exploration on public lands. In addition, DOE recently released a new Pathways to Commercial Liftoff report on geothermal power, which showed how U.S. geothermal energy production could grow by a factor of 20 to 90 Gigawatts by 2050.
     
  • Improving the State and Local Renewable Energy Siting Process: Last week DOE opened a funding opportunity for state-based collaboratives to build capacity to improve renewable energy planning and siting processes. This funding, supported by the Inflation Reduction Act, will accelerate the siting process to bring renewable energy online faster while improving outcomes for host communities, local governments, and disadvantaged communities.

 
Ensuring All Communities Benefit from Clean Energy
From Day One, President Biden has prioritized ensuring that all communities benefit from clean energy deployment, including the energy communities and workers that have powered our nation for generations and the low-income households that are burdened with high energy bills. The Administration has followed through on these commitments—not just talking about coal and power plant communities but investing in them. The President’s Investing in America agenda is creating good-paying and union jobs in energy communities, bringing solar energy to low-income households to reduce energy bills, supporting community engagement and improved outcomes for state and local permitting, and increasing grid reliability and resilience through distributed energy solutions. The President’s Justice40 Initiative sets a goal that 40% of the overall benefits of certain federal in climate, clean energy, and other investments flow to disadvantaged communities that have been marginalized by underinvestment and overburdened by pollution. Recent actions continue this progress:
 

  • Reducing Energy Bills for Low-Income Households: This week the EPA announced $7 billion to deploy solar energy for low-income communities through the Solar for All program, funded by the Inflation Reduction Act. The 60 selections will provide funding to support 60 states, territories, Tribal governments, municipalities, and nonprofits to enable low-income and disadvantaged communities to benefit from solar, cutting annual electricity bills by more than $350 million for low-income households, creating an estimated 200,000 jobs, and increasing grid reliability.
     
  • Deploying Clean Energy in Energy Communities: DOE recently announced up to $475 million for five projects in Arizona, Kentucky, Nevada, Pennsylvania, and West Virginia to accelerate clean energy deployment on current and former mine lands. The projects, supported by President Biden’s Bipartisan Infrastructure Law, will deploy geothermal, pumped-storage hydropower, solar, and battery storage and will spur new economic opportunities in communities that have helped power the nation for generations.
     
  • Building Opportunities for Coal and Power Plant Communities to Continue Powering America: DOE recently released an information guide and technical study for communities and stakeholders who are considering replacing their coal plants with nuclear. Coal-to-nuclear transition can significantly reduce the cost of nuclear plant construction, while creating new high-paying jobs, increasing community income and revenue, and improving public health. DOE’s study found that, with adequate planning and training support, most workers at an existing coal plant should be able to transition to work at a replacement nuclear plant.
     
  • Building a National Network to Finance Local Clean Energy Projects: This month the EPA announced $20 billion in grant awards under two competitions from the Greenhouse Gas Reduction Fund to create a national network to fund tens of thousands of climate and clean energy projects across America, especially in communities historically left behind and overburdened by pollution. One selectee, the Green Bank for Rural America, will help bring clean energy to rural America and energy communities, with a particular focus on Appalachia, helping ensure that the communities that have powered the nation for a century do not get left behind in the energy transition.
     
  • Funding Microgrids for Tribal Communities:  DOE recently announced a $72.8 million conditional commitment to fund a solar-plus-storage microgrid on the Tribal lands of the Viejas Band of the Kumeyaay Indians. This will reduce the cost of energy, power local commercial business, create 250 construction jobs prioritizing Tribal, minority and veteran-owned contractors, and enhance the Tribal energy sovereignty.
     

Advancing Environmental Justice: Through the Justice40 Initiative, 518 programs across 19 federal agencies are being reimagined and transformed to ensure the benefits reach the communities that need them most. Federal agencies are making this happen with the Climate and Economic Justice Screening Tool, which is used to identify communities that benefit from the Justice40 Initiative.

Biden-Harris Administration Announces Historic $20 Billion in Awards to Expand Access to Clean Energy and Climate Solutions and Lower Energy Costs

First-of-its-kind national network to fund tens of thousands of climate and clean energy projects across America, especially in communities historically left behind and overburdened by pollution

Climate United Fund’s program will focus on investing in harder-to-reach market segments like consumers, small businesses, small farms, community facilities, and schools—with at least 60% of its investments in low-income and disadvantaged communities, 20% in rural communities, and 10% in Tribal communities. © Karen Rubin/news-photos-features.com


Vice President Kamala Harris and EPA Administrator Michael Regan announced s $20 billion in awards to stand up a national financing network that will fund tens of thousands of climate and clean energy projects across the country, especially in low-income and disadvantaged communities, as part of President Biden’s Investing in America agenda.

This investment is part of the Environmental Protection Agency’s Greenhouse Gas Reduction Fund, a first-of-its-kind and national-scale $27 billion program funded through President Biden’s Inflation Reduction Act to combat the climate crisis by catalyzing public and private capital for projects that slash harmful climate pollution, improve air quality, lower energy costs, and create good-paying jobs. This program will ensure communities across the country have access to the capital they need to participate in and benefit from a cleaner, more sustainable economy.
 
Vice President Kamala Harris and EPA Administrator Michael Regan were joined by Governor Roy Cooper, Mayor Vi Lyles, and Congresswoman Alma Adams in Charlotte, North Carolina to announce the selections under these two grant competitions.
 
This historic investment will support a wide range of climate and clean energy projects, including distributed clean power generation and storage, net-zero retrofits of homes and small businesses, and zero-emission transportation, all of which can lower energy costs for families and improve housing affordability while tackling the climate crisis. Collectively, the selected applicants have committed to reducing or avoiding up to 40 million metric tons of carbon pollution annually over the next seven years, contributing toward the Biden-Harris Administration’s historic climate goals. In addition, selectees plan to mobilize almost $7 of private capital for every $1 of federal fundsapproximately $150 billion total—ensuring that today’s awards will have a catalytic, ongoing effect on the deployment of climate and clean energy technologies at scale, particularly in underserved communities.
 
The Greenhouse Gas Reduction Program advances the Biden-Harris Administration’s Justice40 Initiative, which sets the goal that 40% of the overall benefits from certain federal climate, clean energy, and other investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution. At least 70% of the funds announced today—over $14 billion of capital—will be invested in low-income and disadvantaged communities, including historic energy communities that have powered our nation for over a century, communities with environmental justice concerns, communities of color, low-income communities, rural communities, Tribal communities, and more. This makes the Greenhouse Gas Reduction Fund the single largest non-tax investment within the Inflation Reduction Act to build a clean energy economy while benefiting communities historically left behind.
 
Meanwhile, Republicans in Congress are already attempting to roll back these historic investments. Last month, the House of Representatives passed H.R. 1023, which would repeal the EPA’s Greenhouse Gas Reduction Fund. On March 19, President Biden issued a Statement of Administration Policy with his intent to veto that bill if it were to pass the Senate and come to his desk.
 
Greenhouse Gas Reduction Fund Selectees
 
The $20 billion in awards announced today will be deployed through eight selected applicants across two separate and complementary programs under EPA’s Greenhouse Gas Reduction Fund—the $14 billion National Clean Investment Fund (NCIF) and the $6 billion Clean Communities Investment Accelerator (CCIA). Together, the two programs will create a first-of-its-kind national network of mission-driven, community-led financial institutions that will finance climate and clean energy projects across the country, especially in low-income and disadvantaged communities.
 
Under the $14 billion National Clean Investment Fund (NCIF), selected applicants will partner with the private sector, community organizations, and others to provide accessible, affordable financing for new clean technology projects nationwide. While EPA required that at least 40 percent of NCIF funds flow to low-income and disadvantaged communities, each selected applicant significantly surpassed that requirement. Therefore, almost 60 percent of NCIF funds will flow to the communities that need it most. The three NCIF selectees are:
 

  • Climate United Fund ($6.97 billion award), a nonprofit formed by Calvert Impact to partner with two U.S. Treasury-certified Community Development Financial Institutions (CDFIs), Self-Help Ventures Fund and Community Preservation Corporation. Together, these three nonprofit financial institutions bring a decades-long track record of successfully raising and deploying $30 billion in capital with a focus on low-income and disadvantaged communities. Climate United Fund’s program will focus on investing in harder-to-reach market segments like consumers, small businesses, small farms, community facilities, and schools—with at least 60% of its investments in low-income and disadvantaged communities, 20% in rural communities, and 10% in Tribal communities.
     
  • Coalition for Green Capital ($5 billion award), a nonprofit with almost 15 years of experience helping establish and work with dozens of state, local, and nonprofit green banks that have already catalyzed $20 billion into qualified projects—and that have a pipeline of $30 billion of demand for green bank capital that could be coupled with more than twice that in private investment. The Coalition for Green Capital’s program will have particular emphasis on public-private investing and will leverage the existing and growing national network of green banks as a key distribution channel for investment—with at least 50% of investments in low-income and disadvantaged communities.
     
  • Power Forward Communities ($2 billion award), a nonprofit coalition formed by five of the country’s most trusted housing, climate, and community investment groups that is dedicated to decarbonizing and transforming American housing to save homeowners and renters money, reinvest in communities, and tackle the climate crisis. The coalition members—Enterprise Community Partners, LISC (Local Initiatives Support Corporation), Rewiring America, Habitat for Humanity, and United Way—will draw on their decades of experience, which includes deploying over $100 billion in community-based initiatives and investments, to build and lead a national financing program providing customized and affordable solutions for single-family and multi-family housing owners and developers—with at least 75% of investments in low-income and disadvantaged communities.

 
Through the $6 billion Clean Communities Investment Accelerator (CCIA), selected applicants will establish hubs that provide funding and technical assistance to community lenders working to finance clean technology projects in low-income and disadvantaged communities—leading to near-term deployment of climate and clean energy projects while building the capacity of community lenders to finance projects at scale for years to come. 100 percent of CCIA funds will flow to low-income and disadvantaged communities. The five selectees of the CCIA are:

  • Opportunity Finance Network ($2.29 billion award), a ~40-year-old nonprofit CDFI Intermediary that provides capital and capacity building for a national network of 400+ community lenders—predominantly U.S. Treasury-certified CDFI Loan Funds—which collectively hold $42 billion in assets and serve all 50 states, the District of Columbia, and several U.S. territories.
     
  • Inclusiv ($1.87 billion award), a ~50-year-old nonprofit CDFI Intermediary that provides capital and capacity building for a national network of 900+ mission-driven, regulated credit unions—which include CDFIs and financial cooperativas in Puerto Rico—that collectively manage $330 billion in assets and serve 23 million individuals across the country.
     
  • Native CDFI Network ($400 million award), a nonprofit that serves as national voice and advocate for the 60+ U.S. Treasury-certified Native CDFIs, which have a presence in 27 states across rural reservation communities as well as urban communities and have a mission to address capital access challenges in Native communities.
     
  • Justice Climate Fund ($940 million award), a purpose-built nonprofit supported by an existing ecosystem of coalition members, a national network of more than 1,200 community lenders, and ImpactAssets—an experienced nonprofit with $3 billion under management—to provide responsible, clean energy-focused capital and capacity building to community lenders across the country.
     
  • Appalachian Community Capital ($500 million award), a nonprofit CDFI with a decade of experience working with community lenders in Appalachian communities, which is launching the Green Bank for Rural America to deliver clean capital and capacity building assistance to hundreds of community lenders working in coal, energy, underserved rural, and Tribal communities across the United States.

 
Expanding Access to Clean Energy
 
Today’s historic Greenhouse Gas Reduction Fund announcement builds on a range of innovative tools and programs in President Biden’s Investing in America agenda that aim to empower the communities that can benefit most from new investments to take an active role in building the clean energy economy. These programs leverage a range of approaches to make it easier and more affordable for states, cities, Tribes, schools, nonprofit organizations, and businesses of all sizes to build, own, and benefit from cost-saving clean energy projects, invest in energy efficiency improvements, expand access to clean transportation, and participate fully in decisions that affect underserved communities and populations.
 
For example:

  • In March, the Treasury Department finalized rules for direct pay—a provision in the Inflation Reduction Act that enables, for the first time, tax-exempt entities like states, cities, Tribes, counties, territories, nonprofit organizations, public schools, hospitals, rural electric co-operatives, and more to access clean energy tax credits and fully participate in building and owning new clean energy projects. For example:
     
  • To meet its goal of 100% carbon free operations by 2030, the City of Madison, Wisconsin is planning to access $13 million via direct pay to support transitioning their municipal fleet to low and no-carbon vehicles, as well as for solar and geothermal energy projects.
     
  • The City of San Antonio, Texas is taking advantage of direct pay to build and own the largest municipal onsite solar project in Texas. This $30 million project will install roof top, parking, and park canopy solar photovoltaic systems at 42 city facilities to lower their energy costs and energy consumption and make progress toward their goal of achieving net-zero energy for all municipal buildings by 2040.
     
  • The Inflation Reduction Act’s transferability provision allows businesses to transfer all or a portion of certain clean energy tax credits to a third-party in exchange for cash, so that small businesses, start-ups, and other entities without sufficient tax liability may still take advantage of the credits. The Internal Revenue Service (IRS) has already registered more than 45,000 new projects seeking to benefit from this new tool, which is lowering financing costs for clean energy projects and helping accelerate the buildout of the clean energy economy.
     
  • The Low-Income Communities Bonus Credit program created by the Inflation Reduction Act promotes cost-saving clean energy investments in low-income communities, on Tribal lands, as part of affordable housing developments, and that benefit low-income households by providing a 10 to 20 percentage point bonus credit for up to 1.8 GW of small clean energy projects per year. In the first year of the program, the administration received more than 46,000 applications for allocations, signaling robust market demand to build projects serving low-income communities. The second year of the program will open for applications later this spring.
     
  • In March, the Department of Energy’s Loan Programs Office (LPO) offered its first conditional commitment through the Tribal Energy Financing Program, which was expanded and provided new loan authority by the Inflation Reduction Act to support tribal entities in building out energy infrastructure. LPO announced up to $72.8 million for a partial loan guarantee to finance the development of a solar-plus long-duration energy storage microgrid on the Tribal lands of the Viejas Band of the Kumeyaay Indians near Alpine, California. 
     
  • Last week, LPO offered its first conditional commitment through the Energy Infrastructure Reinvestment Program under Title 17 Clean Energy Financing Section 1706, first authorized and appropriated by the Inflation Reduction Act, to finance projects that retool, repower, repurpose, or replace energy infrastructure that has ceased operations or enable operating energy infrastructure to reduce pollution. These projects direct new investment in historical energy communities that have powered our nation for over a century. Last week’s offer of a conditional commitment of up to $1.52 billion for a loan guarantee to Holtec Palisades will finance the restoration and resumption of service of an 800-MW electric nuclear generating station in Covert Township, Michigan that closed in May 2022 and upgrade it to produce baseload clean power for decades to come. 
     
  • Last week, the Department of Housing and Urban Development (HUD) Acting Secretary Todman traveled to Chicago to announce that the Department has now awarded more than half of the nearly $1 billion provided through the Inflation Reduction Act to make homes more energy-efficient, comfortable, and climate resilient for low-income Americans. The Green and Resilient Retrofit Program makes grants and loans to finance energy and climate renovations in HUD-assisted multifamily housing for low-income individuals, families, and seniors.
     
  • Since the start of the Biden-Harris Administration, the U.S. Department of Agriculture (USDA) has invested more than $1.8 billion through their Rural Energy for America Program, which provides guaranteed loan financing and grant funding for rural small businesses and agricultural producers to adopt clean energy and save money. President Biden’s Inflation Reduction Act invests more than $2 billion to expand this program, and USDA just announced the latest tranche of over $120 million in awards for projects in 44 states last week.
     
  • In December 2023, EPA announced 11 grant makers to receive $600 million from the Inflation Reduction Act through the Environmental Justice Thriving Communities Grantmaking Program to offer subgrants for environmental justice projects to local community-based organizations around the country. This new program is designed to make it easier for small community-based organizations to access federal environmental justice funding and responds to feedback about the need to reduce barriers to federal funds and improve the efficiency of the awards process to benefit underserved communities. 
     

In November 2023, EPA announced approximately $2 billion in funding available to support community-driven projects that deploy clean energy, strengthen climate resilience, and build capacity for communities to tackle environmental and climate justice challenges. The Community Change Grants Program is the single largest investment in environmental justice going directly to communities in history, and will advance collaborative efforts to achieve a healthier, safer, and more prosperous future for all. 

FACT SHEET: Bidenomics is Boosting Clean Energy Manufacturing for Offshore Wind and Creating Good-Paying American Union Jobs and Advancing a Clean-Energy Economy

Peoples Climate March, Washington DC April 29, 2017. President Biden is making historic investments in transitioning to a clean energy future, against opposition by Republicans © Karen Rubin/news-photos-features.com

President Biden visited Philly Shipyard, where union workers are building a new offshore wind vessel as part of continued manufacturing boom—while Republicans in Congress voted to repeal the Inflation Reduction Act and continue to try to block clean energy progress. This is a fact sheet from the White House on how Bidenomics is boosting clean energy manufacturing for offshore wind, which is creating well-paying union jobs in America that cannot be outsourced, while advancing the transition to a clean-energy economy to stem the existential impacts of climate change—Karen Rubin/news-photos-features.com 

President Biden’s economic agenda—Bidenomics— is fueling America’s clean energy future, creating American-made products in American factories with American workers, and attracting more than $500 billion in private sector manufacturing and clean energy investments, including in the offshore wind industry. President Biden visited Philadelphia, Pennsylvania for a steel-cutting ceremony at the Philly Shipyard for the first offshore wind vessel of its kind to be Made in America and Jones Act compliant, employing over 1,000 workers across nine unions to build the vessel, using steel plates made by the United Steelworkers in Indiana, and generating an estimated $125 million of U.S. economic activity each year. This project is another example of how Bidenomics is growing the economy from the middle out and the bottom up.
 
Under President Biden’s leadership, the American offshore wind industry is rapidly expanding—creating good-paying union jobs across the manufacturing, shipbuilding, and construction sectors. Since President Biden took office, companies have announced 18 offshore wind shipbuilding projects as well as investments of nearly $3.5 billion across 12 manufacturing facilities and 13 ports to strengthen the American offshore wind supply chain, representing thousands of new jobs. New data released shows there are more than 4,100 companies in all 50 states that are looking to support the U.S. offshore wind industry, up 54% since President Biden signed the Inflation Reduction Act.

President Biden also announced the first-ever Gulf of Mexico offshore wind lease sale. This is the latest in a broad set of actions by the Biden-Harris Administration to build 30 gigawatts of offshore wind projects by 2030—enough to power more than 10 million homes with clean energy. A key pillar of Bidenomics, President Biden’s Investing in America agenda will help create offshore wind jobs across the country, including through tax credits from the Inflation Reduction Act to support Made in America wind turbines and ships.

However, if Republicans in Congress had their way, their states would have lost out on billions of dollars in investments, jobs, and opportunity. In Pennsylvania alone, companies have committed to invest approximately $2 billion in manufacturing and clean energy investments since President Biden took office. Yet nearly every Republican Member of the House voted again to overturn the Inflation Reduction Act’s clean energy tax credits in April 2023—doubling down on their opposition at a time when manufacturers were investing in their state.
 
Bidenomics is Catalyzing America’s Clean Energy and Offshore Wind Industry

As part of President Biden’s historic actions to build a clean energy economy, the Biden-Harris Administration has jumpstarted an American offshore wind industry that will strengthen the nation’s energy security, make the power grid more reliable while lowering energy costs, and reduce dangerous climate pollution. The Biden-Harris Administration’s actions to advance responsible offshore wind deployment are creating opportunities up and down the supply chain. A report released today by the Business Network for Offshore Wind shows the immense growth of the U.S. offshore wind industry since President Biden took office, with the Inflation Reduction Act catalyzing further progress:

  • Since January 2021, investments in the U.S. offshore wind industry have quadrupled from $5 billion to $21.6 billion, including growth of $7.7 billion since President Biden signed the Inflation Reduction Act. These totals reflect investments across specific project lease areas as well as the supply chain, port and transmission infrastructure, and workforce development needed to support the industry.
     
  • More than 4,100 companies across all 50 states have joined a supplier registry to express interest in providing components and services to the offshore wind industry—169% growth since President Biden took office and up 54% since he signed the Inflation Reduction Act.
     
  • The U.S. offshore wind industry now includes nearly 1,500 contracts for work in the growing American market, growth of 272% since President Biden took office and up 47% since he signed the Inflation Reduction Act, with 90% of these contracts going to companies that are either U.S. headquartered or have a U.S. presence.
     

This nationwide growth reflects jobs up and down the offshore wind supply chain and across the country. For example, today’s steel-cutting ceremony at the Philly Shipyard launches the construction of the Acadia, the first-ever Jones Act compliant vessel for offshore wind subsea rock installation—a contract that was announced as a direct result of the Administration’s clean energy agenda. This vessel will be crewed by American mariners and take rocks from American quarries to protect the foundations of offshore wind projects that produce American clean energy. Additional supply chain progress includes:

  • New and expanded ports and manufacturing facilities: Today the Department of Energy (DOE) published an updated map of offshore wind supply chain investments announced just since President Biden took office, including nearly $3.5 billion across 12 manufacturing facilities and 13 ports—representing major new economic opportunities across not just the East Coast, but also in the Midwest and along the Gulf of Mexico and West Coast. Under President Biden, the Department of Transportation’s Maritime Administration (MARAD) has awarded more than $100 million for port projects to support offshore wind development, through the Port Infrastructure Development Program expanded by the Bipartisan Infrastructure Law.
     
  • Vessel construction across multiple states: Since President Biden took office, companies have also announced investments to build 18 offshore wind vessels across states including Florida, Louisiana, New York, Massachusetts, Michigan, Rhode Island, and Wisconsin. Last year, MARAD announced the designation of offshore wind vessels as Vessels of National Interest for priority consideration under the Federal Ship Financing Program. Since then, MARAD has received and advanced reviews of applications for a variety of offshore wind vessel types.
     
  • Steel manufacturing boosts to support offshore wind industry: Recent announcements include an investment of $145 million to upgrade a steel facility in Mingo Junction, Ohio—following previously announced upgrades of $260 million for a steel plate mill in Baytown, Texas—to serve the offshore wind industry and the broader clean energy industry; a new advanced component steel facility in Baltimore that will construct and assemble offshore wind components using steel prefabricated at Maryland facilities; and an additional contract for a facility in western New York to provide specialized structural steelwork for the Revolution Wind and South Fork Wind projects. 

 
Earlier this year at the International Offshore Wind Partnering Forum in Baltimore, White House National Climate Advisor Ali Zaidi outlined ten ways the Administration is making progress toward the goal of deploying 30 gigawatts of offshore wind energy by 2030. Recent progress made by the Biden-Harris Administration toward this goal includes:

  • New Lease Areas: Today the Department of the Interior (DOI) is issuing the final sale notice for the first-ever offshore wind lease sale in the Gulf of Mexico, which will take place on August 29. This historic sale—with enough clean energy potential to power almost 1.3 million homes—will include one lease area of 102,480 acres offshore Lake Charles, Louisiana, and two lease areas totaling nearly 200,000 acres offshore Galveston, Texas. This sale will follow the Administration’s offshore wind sales in the New York BightCarolina Long Bay, and northern and central California, as well as yesterday’s announcement that DOI’s Bureau of Ocean Energy Management (BOEM) has completed another step in reviewing a potential offshore wind research lease in the Gulf of Maine.
     
  • Efficient and Responsible Permitting: Earlier this week, BOEM completed environmental analysis of the proposed Revolution Wind project offshore Rhode Island. If approved, it could power more than 300,000 homes with clean energy. This permitting milestone follows BOEM’s final construction approval earlier this month for the nation’s third large-scale offshore wind project, Ocean Wind 1 off the coast of New Jersey, which is expected to create more than 3,000 good-paying jobs. Other recent progress includes draft Environmental Impact Statements for six additional projects: Empire WindSunrise WindCoastal Virginia Wind (CVOW)New England WindSouthCoast Wind, and Atlantic Shores South. In total, BOEM and cooperating agencies are on track to complete reviews of at least 16 project plans by 2025, representing more than 27 gigawatts of clean energy. The Administration is holding projects to high standards for community engagement and environmental protection, including work by the National Oceanic and Atmospheric Administration (NOAA) to ensure protection of coastal and marine resources, and requiring offshore wind projects to adopt extensive monitoring and mitigation measures that reduce the potential for impacts to protected species.
     
  • Construction Milestones: The nation’s first two large-scale offshore wind projects, approved by the Biden-Harris Administration, are both being built by union labor and achieved “steel in the water” by starting to install foundations last month. These projects will provide a wide range of benefits. For example, Vineyard Wind offshore Massachusetts will create enough clean electricity to power 400,000 homes, save customers $1.4 billion on their utility bills over 20 years, and reduce climate pollution by more than 1.5 million metric tons each year—the equivalent of taking 325,000 gas cars off the road—while creating 3,600 good-paying jobs. South Fork Wind offshore New York is using high-tech cables made in Charleston, South Carolina at a new factory, an electrical substation engineered in Kansas and fabricated in Texas, and a service operations vessel being built at shipyards in Louisiana, Mississippi, and Florida, with components sourced from across 34 states.

FACT SHEET: President Catalyzes Global Climate Action through the Major Economies Forum on Energy and Climate

President Joe Biden  highlighted how the United States is addressing these four priority areas at home through measures including the Inflation Reduction Act – the largest U.S. investment ever in reducing U.S. emissions, accelerating the clean energy economy, and protecting communities from climate impacts – and how these efforts are creating good-paying jobs and building a more secure and sustainable clean energy economy. © Karen Rubin/news-photos-features.

Ahead of Earth Day 2023, President Biden convened leaders of the Major Economies Forum on Energy and Climate (MEF) for the fourth time since taking office to galvanize efforts needed to tackle the climate crisis and keep a 1.5°C limit on warming within reach. The White House provided this fact sheet highlighting steps the United States is taking to meet its emissions goals and to support developing countries:

President Joe Biden highlighted new steps the United States is taking to meet its ambitious 1.5°C-aligned goal of reducing emissions 50-52 percent in 2030.  The President also announced significant new steps the United States is taking to support developing countries in taking stronger climate action – including providing $1 billion to the Green Climate Fund and requesting $500 million for the Amazon Fund and related activities – and invite other countries to join the United States and others in fully leveraging the multilateral development banks to better address global challenges, like climate change.

The President was joined by other leaders in new efforts aimed at accelerating progress in four key areas necessary for keeping a 1.5°C limit on warming within reach, specifically:

  • Decarbonizing energy:  Announcing steps to drive down emissions in the power and transportation sectors, including scaling up of clean energy, setting ambitious 2030 zero-emission vehicle goals, and decarbonizing international shipping.
     
  • Ending deforestation of the Amazon and other critical forests:  Working through the Forest and Climate Leaders’ Partnership to mobilize public, private, and philanthropic support.
     
  • Tackling potent, non-CO2 climate pollutants:  Launching a Methane Finance Sprint to cut methane emissions and accelerating hydrofluorocarbon (HFC) phasedown under the Kigali Amendment.
     
  • Advancing carbon management:  Partnering with countries to accelerate carbon capture, removal, use, and storage technologies through a COP 28 Carbon Management Challenge to deal with emissions that can’t otherwise be avoided.

To help frame the MEF discussion, leaders were briefed by Dr. Fatih Birol, Executive Director of the International Energy Agency (IEA), on a new report  to the MEF highlighting why action in these areas between now and 2030 is critical to preserve credible pathways to limit warming to 1.5 °C by 2100.

MEF economies account for roughly 80 percent of global GDP and global greenhouse gas (GHG) emissions.  Since being reconvened by President Biden in April 2021, the MEF has helped galvanize the global climate response, contributing to the progress achieved at the United Nations Climate Conferences in Glasgow (COP 26) and Sharm El-Sheikh (COP 27). 

However, the most recent findings of the Intergovernmental Panel on Climate Change underscore more urgently than ever that the window for decisive action to avert the gravest consequences of climate change is quickly narrowing. 

The President  highlighted how the United States is addressing these four priority areas at home through measures including the Inflation Reduction Act – the largest U.S. investment ever in reducing U.S. emissions, accelerating the clean energy economy, and protecting communities from climate impacts – and how these efforts are creating good-paying jobs and building a more secure and sustainable clean energy economy.

In addition to partnering on new joint efforts, leaders were expected to announce other new steps their countries are taking to fulfill their nationally determined contributions under the Paris Agreement.  The President will encourage those countries whose 2030 Paris targets are not yet aligned with keeping 1.5 °C within reach to strengthen their targets by COP 28 this November in Dubai.

Strengthening Support for Climate Action in Developing Countries

Providing $1 Billion to the Green Climate Fund

In 2021, President Biden pledged to work with Congress to quadruple U.S. climate support for developing countries to more than $11 billion a year by 2024.  As part of this broader effort, today, the President will announce that the United States is providing $1 billion to the Green Climate Fund (GCF), bringing total U.S. contributions to the GCF to $2 billion.

Since 2015, the GCF has approved over $12 billion for projects across more than 125 developing countries to accelerate clean energy transitions, build resilience in the most vulnerable countries, and catalyze private investment.  These projects are expected to reduce 2.5 billion tons of emissions and increase the resilience of over 900 million people.  The GCF has a specific mandate to support countries particularly vulnerable to the impacts of climate change, including least developed countries, small island developing states, and African nations.

Mobilizing the Multilateral Development Banks to Usher in a New Era of Clean Growth

Following important steps taken last week by the World Bank, President Biden will encourage leaders to support a strengthened effort this year to fully leverage the capacity of the multilateral development banks (MDBs) to address global challenges, including climate change, while accelerating progress on reducing poverty and achieving the Sustainable Development Goals.  The United States is working with the MDBs to evolve their visions, incentive structures, operational approaches, and financial capacity to better meet pressing global challenges.

Decarbonizing Energy

Succeeding in keeping the 1.5 °C goal within reach will require accelerating progress in key energy-related sectors, such as electric power and transportation.

Putting the Power Sector on a Path to Net Zero Emissions

Limiting warming to 1.5°C will require steep and immediate reductions in energy sector CO2 emissions, including an accelerated scale up of clean energy technologies to achieve net zero emissions by mid-century. 

President Biden has set an ambitious U.S. goal of achieving a carbon pollution-free power sector by 2035 and net zero emissions economy by no later than 2050.  As a result of the historic investments in the Inflation Reduction Act and Bipartisan Infrastructure Law as well as other actions the Administration is taking, the United States is on a clear path to achieve this goal, while reducing costs for consumers, lowering harmful pollutants, mitigating climate change, and creating new economic opportunities.  Today, the U.S. released a new National Innovation Pathway Report, highlighting the Biden-Harris Administration’s all-hands-on-deck strategy for accelerating key clean energy technology innovations.  The Administration is advancing a three-pronged approach that prioritizes innovation, demonstration, and deployment to scale the technologies the United States needs to achieve its goals of a carbon pollution-free electricity sector by no later than 2035 and a net-zero emissions economy by no later than 2050.

To accelerate global progress, President Biden will invite leaders to announce steps they are taking to put their energy sectors on a path aligned with the 1.5 °C goal.

Reducing Emissions and Fossil Fuel Use by Accelerating Zero-Emission Vehicle Deployment

The transportation sector is a large and fast-growing source of greenhouse gases globally.  Rapidly scaling up production and use of zero emission vehicles (ZEVs) will slash emissions, reduce oil dependence, strengthen energy security, protect economies from oil price volatility, and accelerate the phaseout of unabated fossil fuels.  Faster ZEV deployment will also improve public health by reducing emissions of conventional pollutants.  Thanks to technology innovations, the historic investments in the Inflation Reduction Act, and additional investments made by automakers and throughout the battery supply chain, the U.S. transportation sector is rapidly shifting towards zero emission vehicles.

The Inflation Reduction Act contains new and expanded tax credits for drivers to purchase new clean vehicles, as well as the first-ever tax credits for purchasing used clean vehicles.  These tax provisions will help make clean vehicles more accessible and affordable for American families while incentivizing automakers to build secure, reliable, trusted supply chains for the critical minerals and batteries contained in those vehicles.

Last week, the U.S. Environmental Protection Agency proposed new vehicle emissions standards that would build on this progress and accelerate the ongoing transition to a clean vehicle future.  The EPA projects that, under the proposed standards, electric vehicles could account for 67% of new light-duty vehicle (LDV) sales and 46% of new medium-duty vehicle sales in model year 2032.  This would avoid nearly 10 billion tons of CO2 emissions through 2055 (equivalent to nearly twice the total U.S. CO2 emissions in 2022), save the average consumer $12,000 over the lifetime of a light-duty vehicle, reduce oil imports by approximately 20 billion barrels, and improve air quality, especially in communities that have borne the burden of polluted air. 

To accelerate this transition globally, President Biden will invite leaders to join the United States in a collective goal aiming to ensure that by 2030 over 50 percent of LDVs and at least 30 percent of medium- and heavy-duty vehicles (MHDVs) sold globally will be zero-emissions vehicles (e.g., battery electric, fuel cell electric, and plug-in hybrid vehicles).  Countries joining in the collective goal will set their own national 2030 LDV and MHDV market share goals by COP 28.

Decarbonizing International Shipping

Greenhouse gas emissions from the shipping sector are significant, increasing, and incompatible with limiting global temperature rise to 1.5 °C.  If shipping were a “country,” it would be among the top ten largest emitters.  As part of the Green Shipping Challenge highlighted at last year’s MEF leaders meeting, countries, ports, and companies offered more than 40 concrete announcements at COP 27 on the steps they are taking this decade to help put the shipping sector on a path to align with the 1.5 °C goal.

In July, the International Maritime Organization (IMO) will adopt a Revised IMO Greenhouse Gas Strategy to accelerate efforts to decarbonize shipping.  Today, President Biden will ask leaders to join the United States in supporting the IMO’s adoption of 1.5 °C-aligned goals for the sector, including a goal of zero emissions from international shipping no later than 2050.

Ending Deforestation of the Amazon and Other Critical Forests

Ending forest loss, particularly in the tropics, is vital for limiting warming to 1.5 °C.  The Glasgow Leaders Declaration on Forests and Land Use calls for halting and reversing forest loss and land degradation by 2030.  The United States is taking decisive action to prevent deforestation at home and abroad, as called for in the President’s Executive Order on “Strengthening the Nation’s Forests, Communities, and Local Economies.”

Contributing to Brazil’s Amazon Fund 

The President announced he was requesting $500 million over five years for the Amazon Fund and related activities in the context of Brazil’s renewed commitment to end deforestation by 2030. The President also will call on other leaders to pledge support to the Amazon Fund.

The U.S. Development Finance Corporation also announced that it is working on a $50 million debt investment in BTG Pactual’s Restoration Strategy, which would help mobilize $1 billion to support the restoration of nearly 300,000 hectares of degraded lands in Brazil, Uruguay, and Chile.  Conservation International will serve as the impact advisor on the pathbreaking project, which will set aside half the restored lands for permanent protection, with the other half to be managed for sustainable forestry, generating an estimated 35 million tonnes of carbon sequestration over 15 years.

Marshalling Global Action to Stop Deforestation

The Forest and Climate Leaders’ Partnership (FCLP), which was launched at COP 27 and is co-led by the United States, aims to mobilize stronger action to end deforestation and to strengthen support from donor governments, philanthropy, the private sector, and multilateral finance institutions. To help protect other critical forest basins around the globe, President Biden will call on other leaders to join the United States in committing to work through the FCLP this year to coordinate and catalyze investment and support by COP 28 to advance implementation of ambitious forest, climate, and nature actions in forest countries.

To further advance the President’s commitments on combatting international deforestation associated with agriculture commodity production and the reduction of global deforestation, the U.S. government is working to identify potential approaches to address globally traded commodities associated with international deforestation as well as identify potential action to reduce global deforestation, as called for in the President’s Executive Order.

Leading at Home by Strengthening America’s Forests

America’s forests play a key role in achieving our domestic climate goals, absorbing carbon dioxide equivalent to more than 10% of U.S. annual greenhouse gas emissions.  To advance the President’s commitment to strengthening America’s forests, today the U.S. is announcing critical new steps to better manage our domestic forests for climate resilience, following the completion of a first-ever nationwide inventory of old and mature forests.
 
Tackling Potent Non-CO2 Climate Pollutants

In addition to cutting CO2, rapid reductions of other GHG emissions are essential to keep 1.5 °C within reach.  Methane and other non-CO2 GHGs are potent climate pollutants with short atmospheric lifetimes.  Rapidly reducing them would have an outsized impact on near-term warming.

Accelerating Methane Action to Reduce Global Warming by at least 0.2 degrees Celsius by 2050

Since being introduced by the United States and the European Union at the MEF leaders meeting in September 2021, 150 countries have now joined the Global Methane Pledge, with the goal of cutting anthropogenic methane emissions at least 30 percent by 2030.  More than 50 countries have developed, or are developing, national methane action plans, and many new projects are underway to drive methane reductions in the key sectors of fossil energy, waste, and agriculture and food.

To support and accelerate these efforts, President Biden will invite other countries to join the United States in a new Methane Finance Sprint with the aim of scaling up methane finance, including by raising at least $200 million in new public and philanthropic donor support for developing countries by COP 28.  Philanthropies have committed to dedicate $100 million in new funding through the Global Methane Hub towards the $200 million goal.  To complement these efforts, the private sector and other financial institutions will also be invited to join this effort.  The President also will invite leaders to report on steps their countries are taking to strengthen their national methane reduction efforts.

Expediting the Phasedown of Super-Polluting HFCs to Avoid up to Half a degree Celsius of Warming by 2100

Hydrofluorocarbons (HFCs), widely used in refrigeration and air-conditioning, are thousands of times more powerful as greenhouse gases than CO2.  In October, with bipartisan Senate support, the United States ratified the Kigali Amendment to the Montreal Protocol, which aims to phase down global production and consumption of HFCs.  Other countries participating in today’s MEF meeting that have ratified Kigali over the past year include Brazil, Egypt, Indonesia, Italy, and the Republic of Korea.

Full implementation of the Kigali Amendment could avoid up to half a degree of warming by 2100.  According to the U.N. Environment Programme, fully seizing opportunities to improve the energy efficiency of cooling appliances alongside HFC phasedown could as much as double the Kigali Amendment’s climate benefits.

To promote rapid implementation of the Kigali Amendment, President Biden will call on other countries to ratify the amendment as soon as possible, consider expedited timelines for their phasedown of HFCs, and pledge support to use the Montreal Protocol Multilateral Fund to incentivize early action on HFCs and maximize parallel cooling efficiency improvements.

Accelerating Carbon Capture and Removal Technologies

In addition to full-scale mitigation efforts – including accelerated deployment of clean energy, ending deforestation, and cutting non-CO2 emissions – keeping a 1.5 °C warming limit within reach will require responsible deployment of carbon capture, utilization, and storage (CCUS) and carbon dioxide removal (CDR) technologies.  CCUS has a critical role to play in decarbonizing the global economy, particularly the industrial sector, where process emissions are more difficult to address.  Combating climate change will also require addressing legacy emissions and removing CO2 from the ambient air, through CDR.  The IEA estimates that roughly 1.2 Gt of CCUS and CDR will be needed by 2030 to limit warming to 1.5°C.  If global temperature rise exceeds 1.5°C, the use of CDR to remove COfrom the atmosphere will be necessary to return global temperatures to 1.5 °C by the end of the century. 

Dealing with Emissions that Can’t Otherwise be Avoided

To accelerate these critical technologies, the Inflation Reduction Act provides tax credits of $85 per tonne of CO2 captured and stored and $180 for every tonne of CO2 removed through direct air capture and permanently stored.  In addition, President Biden’s Bipartisan Infrastructure Law included over $12 billion in investments in next-generation carbon capture, direct air capture, integrated CCUS demonstrations, and industrial emissions reduction demonstration projects, as well as CO2 transport and storage infrastructure.

To build on these efforts, the President will invite other countries to join the Carbon Management Challenge, with the aim of unveiling at COP 28 a suite of concrete announcements and goals that will accelerate CCUS and CDR internationally.

Throughout Earth Week, President Biden, Vice President Harris and other Cabinet-level officials held events and announcing commitments focused on how the President’s Investing in America agenda is powering an American manufacturing and clean energy boom, lowering prices, creating good-paying jobs in clean energy industries, meeting our climate goals, and advancing environmental justice and conservation.

FACT SHEET: Biden-⁠Harris Administration Announces Roadmap for Nature-Based Solutions to Fight Climate Change, Strengthen Communities, and Support Local Economies

The Biden-Harris Administration at COP27 in Egypt released the Nature-Based Solutions Roadmap, an outline of strategic recommendations to put America on a path that will unlock the full potential of nature-based solutions to address climate change, nature loss, and inequity. This marks the first time the U.S. has developed a strategy to scale up nature-based solutions. Examples include protection or conservation of natural areas- such as Acadia National Park in Maine – reforestation, restoration of marshes or other habitats, or sustainable management of farms, fisheries, or forests. These actions can increase resilience to threats like flooding and extreme heat, and can slow climate change by capturing and storing carbon dioxide. Nature-based solutions play a critical role in the economy, national security, human health, equity, and the fight against climate change. © Karen Rubin/news-photos-features.com

New actions and recommendations announced at COP27 will make nature-based solutions a go-to option for fighting climate change and boost progress towards U.S. climate goals. The White House provided this fact sheet:

The Biden-Harris Administration at COP27 in Egypt released the Nature-Based Solutions Roadmap, an outline of strategic recommendations to put America on a path that will unlock the full potential of nature-based solutions to address climate change, nature loss, and inequity. This marks the first time the U.S. has developed a strategy to scale up nature-based solutions.

To demonstrate how the U.S. is already taking action, the Administration also announced new and recent interagency commitments aligned with the roadmap including: agency actions to ensure over $25 billion in infrastructure and climate funding can support nature-based solutions; a new guide for bringing the power of nature to maximize the value and resilience of military bases; and a new technical working group to better account for nature-based options in benefit cost analysis – a powerful tool for federal decisions.

Nature-based solutions are actions to protect, sustainably manage, or restore natural or modified ecosystems as solutions to societal challenges, like fighting climate change. Examples include protection or conservation of natural areas, reforestation, restoration of marshes or other habitats, or sustainable management of farms, fisheries, or forests. These actions can increase resilience to threats like flooding and extreme heat, and can slow climate change by capturing and storing carbon dioxide. Nature-based solutions play a critical role in the economy, national security, human health, equity, and the fight against climate change.

John Podesta, Senior Advisor to the President for Clean Energy Innovation and Implementation, and chair of President Biden’s National Climate Task Force, unveiled the roadmap at the opening of the U.S. Center at United Nations Framework Convention on Climate Change’s Conference of the Parties (COP27). Mr. Podesta encouraged other nations to join the U.S. by taking bold action to invest in nature and its many benefits.  

On Earth Day 2022, President Biden issued Executive Order 14072, which recognizes the importance of forests and other nature-based solutions to tackle the climate crisis and strengthen communities and local economies. In the Executive Order, President Biden directed the Council on Environmental Quality, the Office of Science and Technology Policy, and the National Climate Advisor, in consultation with agencies, to identify key opportunities for greater deployment of nature-based solutions across the Federal government. The Roadmap submitted to the National Climate Task Force today calls on expanding the use of nature-based solutions and outlines five strategic areas of focus for the federal government: (1) updating policies, (2) unlocking funding, (3) leading with federal facilities and assets, (4) training the nature-based solutions workforce, and (5) prioritizing research, innovation, knowledge, and adaptive learning that will advance nature-based solutions.

This work builds on President Biden’s climate leadership. The Administration is already advancing nature-based solutions in support of the President’s commitment to reduce greenhouse gas emissions 50-52% below 2005 levels in 2030, to conserve at least 30% of U.S. lands and waters by 2030, and to increase community resilience to extreme weather and other climate impacts. The new Nature Based Solutions Roadmap will help the Administration seize additional opportunities; key recommendations and related new and recent agency commitments are below.

The Biden-Harris Administration also released a companion resource guide with examples of nature-based climate solutions and over 150 resources to spur action. The Nature-Based Solutions Resource Guide: Compendium of Federal Examples, Guidance, Resource Documents, Tools and Technical Assistance is available here.  

NATURE-BASED SOLUTIONS ROADMAP: FIVE STRATEGIC AREAS FOR ACTION

  1. Update Policies to Accelerate Nature-Based Solutions

The roadmap recommends that agencies update federal policies and guidance, making it easier to consider and adopt nature-based solutions. Major areas for advancement include policies and guidance for federal planning, permitting, cost-sharing, risk management, and benefit cost analysis. Aligned Administration actions include:

  • Guidance on valuing nature: Current federal policies and guidance on accounting and analysis can under-value nature-based solutions. The Office of Management and Budget (OMB) is reviewing central guidance on benefit cost analysis (Circulars A-4 and A-94) to help federal agencies more fully account for the value of nature in regulatory and funding decisions. Today, the White House is standing up a new technical working group on Frontiers of Benefit Cost Analysis to support agencies in benefit cost analysis for nature-based solutions and other analysis needs. This is coupled with the developing National Strategy for a system of natural capital accounts, which will place nature on the nation’s balance sheet and allow regular tracking of the economic benefits that investments in nature-based solutions provide.
  • Nature-based solutions in floodplain management: The Federal Emergency Management Agency (FEMA) is revising its floodplain management requirements to require consideration of nature-based solutions as alternatives for all projects that have the potential to affect floodplains or wetlands. This action is in response to Executive Order 13690, which established the Federal Flood Risk Management Standard that requires federal agencies to amend their floodplain policies to consider the use of nature-based solutions. Interim program policies are underway.
     
  1. Unlock Funding for Nature-Based Solutions

Federal funding for domestic and international projects can provide a strong lever to increase deployment of nature-based solutions. The roadmap recommends that Federal agencies do more to prioritize nature-based solutions in funding decisions; increase and ease access to this funding; and catalyze private investment. Actions by the Administration to unlock funding include:

  • Supporting nature-based solutions in hazard mitigation: FEMA’s Building Resilient Infrastructure and Communities (BRIC) grant program already prioritizes nature-based solutions in its project scoring criteria. Last month, FEMA announced a new effort that will reduce the burden of applying for BRIC funding for disadvantaged communities, and that may make it easier for projects with nature-based solutions to access funding. This effort reduced the discount rate from 7% to 3% for these communities on some projects in FY 2022.
  • Combining solar energy and nature-based solutions: The Department of Energy Solar Energy Technology Office (SETO) is investing in combined development of ground mounted solar systems and pollinator habitat. In fiscal year 2022, SETO selected projects worth $14 million for Deploying Solar with Wildlife and Ecosystem Services Benefits, developing innovative strategies that maximize benefits and minimize impacts to wildlife and ecosystems from solar energy infrastructure.
     
  1. Lead with Federal Facilities and Assets

The roadmap recommends that federal agencies expand their use of nature-based solutions in the design, retrofitting, and management of federal facilities and embed these solutions in management of natural assets through improved planning, co-management, and co-stewardship. Given the scale of federal assets, expanding deployment of nature-based solutions would have direct climate and conservation benefits and send a strong signal to others. Administration actions include:

  • Guide on nature-based solutions for military installations: The Department of Defense is developing a guide on nature-based solutions for Military Installation natural resources management planning. The guide will provide military installation planners and managers with current and actionable information on the appropriate use of nature-based solutions; the current state of science and observed performance reliability; and other considerations regarding design, cost and benefits, implementation, and operations and maintenance. Preliminary guidance will be published in March 2023, with the full technical guide expected by March 2024.
  • Nature-based solutions for energy, the economy and national security: In October, 2022, the Department of Energy launched Sustainable Climate-Ready Sites (SCRS), a site performance rating system. The program challenges DOE sites to apply innovative nature-based solutions as they manage 2.4 million acres of land and carry out their missions. SCRS performance criteria include environmental justice and cultural resource protection, emphasizing collaboration and engagement with communities and Tribal nations. Annual leadership awards will be given to personnel at participating sites that achieve top SCRS category scores.
     
  1. Train the Nature-Based Solutions Workforce

We need a diverse, equitable workforce skilled in building nature-based solutions. To reach this goal, the roadmap recommends that agencies expand educational and workforce training offerings related to nature-based solutions to support good jobs in federal agencies and the private sector. These needs apply across a wide range of skills including engineering, law, finance, ecology, accounting, economics, community planning and maintenance for nature-based solutions. Administration actions include:

  • Growing awareness of how nature-based solutions benefit households: The Department of the Treasury’s Financial Literacy Education Commission (FLEC) is producing a series of reports entitled How Climate Challenges American Household Finances. One report in the series will address housing, and FLEC will include ways that nature-based solutions can provide benefits to households through housing and landscaping options. The report will be released in 2023.
     
  1. Prioritize Research, Innovation, Knowledge, and Adaptive Learning

As the world changes, we must continually innovate and fill gaps in our understanding. The roadmap recommends that federal agencies advance research and innovation in all sectors to fully reveal the scale of the opportunity that nature-based solutions provide, and incentivize continual learning about how and where nature-based solutions work best. Administration actions include:

  • Synthesizing what we know about nature-based solutions effectiveness: Nature-based solutions have been evaluated in different ways by different experts and sectors, making it difficult to see the big picture of what we now about where and how these solutions provide benefits. Today, the U.S. Global Change Research Program (USGCRP) is announcing a study to synthesize this multi-disciplinary evidence base, and evaluate the effectiveness of nature-based solutions for climate mitigation, adaptation and other benefits. An initial database of evaluations will be made public in 2023 and the analysis will be available by 2024.
  • National summit on measuring nature-based solutions: The USACE will host a National Summit on Measuring What Matters at the National Academies of Sciences, Engineering, and Medicine in Washington D.C. on November 30, 2022. At the public Summit, the USACE Engineering with Nature Program will share the results of a two-year project focused on approaches for advancing comprehensive benefit evaluation for nature-based solutions and other projects. 

 
BUILDING ON THE BIPARTISAN INFRASTRUCTURE LAW AND INFLATION REDUCTION ACT
 
The roadmap and aligned actions build on major investments made through President Biden’s Bipartisan Infrastructure Law and Inflation Reduction Act. These laws made unprecedented investments in nature-based solutions, placing forests, agricultural lands and coastal wetlands front and center in the climate fight. For example, $20 billion is directed to farmers, ranchers, and private forest owners working to increase carbon storage and reduce emissions. Another $5 billion is for forest management actions that can reduce wildfire risk, store carbon, and cool communities. These laws also weave nature into infrastructure investments. Over $8.7 billion will build climate resilience into transportation systems from the ground up. Another $8.6 billion will restore and conserve coastal habitats, investments that will buffer communities from storms and boost local economies. Several agencies are  acting to leverage recent laws and appropriations towards nature-based solutions, including:

  • Increasing carbon stored in wetlands and grasslands: The Inflation Reduction Act provides additional funding for the U.S. Department of Agriculture, Natural Resource Conservation Service (NRCS) conservation programs, including the Agricultural Conservation Easement Program (ACEP). In FY23, this funding will be targeted to improve climate and environmental outcomes. The programs will prioritize conservation and restoration of carbon rich wetlands and conservation of grasslands that are at risk of losing carbon and habitat through conversion to more intensive agriculture.
     
  • Promote resilient housing: The Department of Housing and Urban Development (HUD), through the new Green Resilient Retrofit Program, is administering $837.5 million in grant funds and $4 billion in loan authority provided through the Inflation Reduction Act. This program provides grants that include nature-based solutions to improve energy efficiency, water efficiency, and climate resilience. HUD will ensure the program promotes nature-based solutions as effective investments to improve a properties’ climate resilience. HUD will encourage owners to implement the nature-based solution recommendations, where appropriate and feasible. Additional technical assistance will be offered with this program to aid communities in exploring nature-based solutions.
     
  • Protecting watersheds and communities with nature-based solutions: The Bipartisan Infrastructure Law includes more than $23 billion in supplemental funds to EPA’s Clean Water and Drinking Water State Revolving Funds and nearly $1.9 billion to EPA’s place-base Geographic, National Estuary and Gulf Hypoxia programs. In its March 2022 Bipartisan Infrastructure Law SRF Implementation Memo, EPA emphasized the importance and eligibility of nature-based infrastructure, and encouraged states and communities to make full use of the SRF Green Project Reserve, which supports nature-based solutions and other environmentally innovative activities. EPA’s implementation of its National Estuary, Geographic, and Gulf Hypoxia programs also prioritizes use of nature-based solutions, where applicable, to restore coastal and riparian ecosystems and protect the communities that depend on them.
     
  • Coordinating access to funds that reduce floods and benefit wildlife: The White House Infrastructure Implementation Task Force is advancing an effort to simplify access to new Bipartisan Infrastructure Law funds that aim to reduce the risk of flooding, improve habitat connectivity for fish and wildlife, and improve public safety. The Department of the Interior’s Fish and Wildlife Service, Department of Transportation, U.S. Department of Agriculture, and National Oceanic and Atmospheric Administration (NOAA) are coordinating to facilitate access to these opportunities and ensure efficient use of federal funds.
     
  • Advancing Coastal Resilience with Natural Infrastructure Projects: Through its Climate Ready Coasts Initiative, the Department of Commerce’s NOAA is helping coastal communities by investing in high-impact natural infrastructure projects that build economic and environmental resilience, create jobs, store carbon and restore habitat. The $1.5 billion in Bipartisan Infrastructure Law funds will be supplemented by future Inflation Reduction Act funding opportunities.

 
DRIVING GLOBAL ACTION
 
President Biden is committed to unlocking the full potential of nature-based solutions for achieving climate goals and combatting nature loss, especially for communities that are disproportionately impacted by climate change and environmental injustices. By announcing this roadmap and actions at the UNFCCC COP27, we recognize the need for global action to confront these triple crises and look forward to announcing additional actions during the upcoming Convention on Biological Diversity COP15. We invite partners, communities, and other nations to join the Biden-Harris Administration in taking aggressive action to advance nature-based solutions as powerful tools that the world needs now.
 

FACT SHEET: Biden’s Leadership on Tackling Climate Crisis at Home and Abroad Galvanizes Unprecedented Momentum at Start of UN Climate Conference (COP27)

One of President Biden’s challenges is persuading nations not to abandon climate change goals because of the strain on fossil fuel supplies and prices created by Russia’s invasion of Ukraine, rather, the crisis should incentivize the transition to locally available clean, renewable energy. Here, Antwerp shows an “all-of-the-above” source of fuel, wind, nuclear and fossil © Karen Rubin/news-photos-features.com

In less than two years since taking office, President Biden’s leadership to tackle the climate crisis has boosted U.S. manufacturing and deployment of cost-cutting clean energy technologies, put the country on a durable path aligned with limiting warming to 1.5 °C, and galvanized global action by partners and the private sector – building unprecedented momentum towards achieving critical climate goals and strengthening global resilience. As more than a hundred countries gather for the 27th Conference of the Parties to the U.N. Framework Convention on Climate Change (COP27) in Sharm el-Sheikh, Egypt, the United States will work with partners to enhance global ambition to accelerate growth of the clean energy economy, avert the most catastrophic impacts of climate change, and help lower- and middle- income countries build resilience to climate impacts. In fact, the President has pledged to work with Congress to increase U.S. international climate finance to over $11 billion a year – which would make the United States the single largest contributor of climate finance. These actions are key to strengthening global security – including energy, water, food, and health security – which has been made all the more urgent following Russia’s war against Ukraine that has disrupted energy markets, strained economies with rising prices, and threatened vulnerable countries with severe food shortages.

At COP27 and beyond, the United States will encourage countries – particularly major economies – and the private sector to not only implement existing commitments and goals, but to also enhance commitments and goals to help close the gap between current pledges and what the latest science tells us is urgently needed.  And the United States will also encourage the international community to accelerate vulnerable countries’ ability to implement adaptation efforts. Through the President’s Emergency Plan for Adaptation and Resilience, PREPARE, the United States is rapidly increasing its support of adaptation and resilience programming to help more than half a billion people in developing countries adapt to and manage the impacts of climate change.

On November 11, President Biden will be at COP27 to build on efforts by the United States to accelerate growth of an equitable clean energy economy that will cut consumer energy costs, reduce global greenhouse gas emissions, advance the global climate fight, and help the most vulnerable build resilience to climate impacts. The United States is leading by example at home and abroad:

  • Leading at Home by Taking the Most Ambitious Climate Actions in U.S. History.  The President is delivering on his day one promise by positioning the United States to achieve our ambitious goals of reducing emissions 50-52% below 2005 levels in 2030 and to net-zero by 2050 through a series of unprecedented climate actions.  These actions will not only reduce emissions, but will bolster energy security, help families save money on their energy bills, create good-paying jobs for workers and spur a new era of clean American manufacturing, advance environmental justice, and ensure healthier air and cleaner water for communities.  Key actions include passing the Inflation Reduction Act and Bipartisan Infrastructure Law (BIL), ratifying the Kigali Amendment to the Montreal Protocol, tackling super-pollutants like methane, leveraging the purchasing power of the federal government, advancing decarbonization across all sectors, ensuring the clean energy transition benefits disadvantaged communities, and spurring innovation and supporting a new era of clean American manufacturing.
     
  • Supporting Vulnerable Countries in Building Resilience to Current and Future Climate Impacts by implementing the President’s Emergency Plan for Adaptation and Resilience (PREPARE). PREPARE aims to accelerate the ability of developing countries to adapt to and manage the impacts of climate change by preparing knowledge, plans, programs, finance, and private capital for adaptation and resilience efforts. Nineteen U.S. Federal agencies and departments are committed to working with partner countries to help them build resilience to climate impacts on food systems, water, infrastructure, health, and the economy.
     
  • Leading Global Efforts to Keep the 1.5 °C Goal within Reach. We are implementing the President’s major initiatives and priorities to accelerate global climate action.  This includes the Plan to Conserve Global Forests, mobilizing climate finance through the Partnership for Global Infrastructure and Investment (PGII), advancing implementation of the Global Methane Pledge (GMP), decarbonizing transportation (e.g., zero emissions vehicles, shipping, and aviation), accelerating innovation in and deployment of clean energy technologies, and enhancing food security.

LEADING AT HOME BY TAKING THE MOST AMBITIOUS CLIMATE ACTIONS IN U.S. HISTORY

  • The Inflation Reduction Act is by far the most ambitious climate and clean energy legislation in U.S. history, with $370 billion for building a clean energy economy, cutting consumer energy costs, combating the climate crisis, advancing environmental justice, and enhancing climate resilience.  The Inflation Reduction Act is expected to more than double U.S. clean energy production (e.g., solar, wind, battery storage, and more), save families hundreds of dollars per year on energy costs, and create millions of good-paying jobs, all while reducing greenhouse gas emissions by about 1 gigaton in 2030 – 10 times more climate impact than any other U.S. legislation ever enacted. This law also leans in on ensuring communities are prepared for climate impacts already here, by funding coastal resilience, drought, and tools to help communities make science-backed decisions.
     
  • The Bipartisan Infrastructure Law (BIL) delivers record support for upgrading the power grid to transmit more clean energy and withstand extreme weather, building a nationwide network of electric vehicle chargers, expanding public transit and passenger rail, investing in drought and wildfire preparedness, and cleaning up legacy pollution.
     
  • Bipartisan Senate Ratification of the Kigali Amendment to the Montreal Protocol and helping to phase down global production and consumption of hydrofluorocarbons (HFCs), super-polluting chemicals that are hundreds to thousands of times more powerful than carbon dioxide while also spurring growth in domestic manufacturing jobs in making HFC alternatives, where American companies are already leading the way.  As more countries join the United States in ratifying this amendment, we can prevent up to half a degree Celsius of warming this century.
     
  • Tackling super-pollutants like methane through implementation of the comprehensive U.S. Methane Emissions Reduction Action Plan and measures in the Inflation Reduction Act and BIL covering the oil and gas industry, agriculture, buildings and addressing abandoned mine lands, and orphan oil and gas wells – a source of toxic pollution and methane emissions.
     
  • Leading by example through the Federal Sustainability Plan to reduce emissions across 300,000 buildings, 600,000 vehicles, and $650 billion in annual purchasing power, and launching new initiatives like the Federal Buy Clean Initiative to spur private-sector commitments to reduce industrial emissions and the White House-HHS Health Care Sector Climate Pledge, which has secured aligned commitments from more than 100 health systems and industry organizations committed to resilience and decarbonization.
     
  • Addressing Climate Related Financial Risk to the federal government, real economy, and financial system by refining approaches and tools to assess fiscal risk in the President’s budget, conducting sensitivity analysis to federal programs, and undertaking macroeconomic risk analysis as well as through leadership from U.S. independent financial regulators improving their understanding and management of these risks, for example through the proposed climate disclosure rule by the Securities and Exchange Commission and the OCC’s and FDIC’s proposed principles on climate-related financial risk management for large banks.
     
  • Taking decisive action to decarbonize all key sectors – including power, transportation, buildings, industry, and lands and waters:
     
    • Power Sector Deployment – securing historic clean power investments that will more than double wind, solar, and battery storage deployment; jumpstart the American offshore wind industry; support hydrogen infrastructure; fast-track the process for permitting and deploying clean energy and transmission projects.
       
    • Clean Energy Research – through the recently launched Net Zero Gamechangers Initiative, driving the major innovation breakthroughs that we know the world needs to solve the climate crisis by addressing the toughest remaining technological challenges and cost hurdles in key sectors, and rapidly advance solutions to help achieve our climate and economic competitiveness goals. Billions of dollars have been committed to coordinate research so far on six key areas:  hydrogen, long-duration energy storage, carbon dioxide removal technologies, floating off-shore wind, advanced geothermal, and industrial heat.
       
    • Transportation – securing the largest investments ever in public transportation, passenger rail, an electric vehicle (EV) charging network, hydrogen infrastructure, and battery supply chains; rallying automakers and autoworkers around an electric transportation future, by setting a national target of 50% electric vehicle sales share in 2030, spurring more than $85 billion of investment in American manufacturing of EVs, batteries, and chargers, and launching the American Battery Materials Initiative; finalized strongest passenger vehicle standards in American history to increase average fuel economy to 49 miles per gallon – reducing emissions and savings drivers money at the pump; and advancing cleaner transit, shipping, and aviation; launching the Sustainable Aviation Fuel (SAF) grand challenge to achieve a minimum of a 50% reduction in life cycle greenhouse gas emissions compared to conventional fuel and supply sufficient SAF to meet 100% of aviation fuel demand by 2050.
       
    • Buildings – making historic investments in energy efficient homes and decarbonization, with more than $1 billion to expand weatherization and incentivize electrification, with more than $1 billion to expand weatherization and incentivize electric appliance and efficiency upgrades that will lower energy bills and emissions; updated energy-saving appliance and equipment standards to save households an average of $100 a year; accelerate next-generation clean building technologies.
       
    • Industrial – launched a breakthrough “Buy Clean” initiative leveraging federal standard setting and procurement and secured historic investments to reduce industrial emissions, including support for clean hydrogen, carbon capture, and cleaner industrial facilities for steel, iron, cement and other energy-intensive materials; and advanced manufacturing processes.
       
    • Lands and Waters – secured historic investments to enlist nature-based solutions in the fight against climate change with over $20 billion in the Inflation Reduction Act to support climate-smart farmers, ranchers, and forest landowners and the BIL support for climate resilience and ecosystem restoration; launched new initiatives to support conservation and carbon sequestration, including the America the Beautiful initiative to conserve 30 percent of U.S. lands and waters by 2030; and issued an Executive Order on strengthening America’s forests.
       
  • Ensuring the clean energy transition benefits disadvantaged communities by implementing the Justice40 Initiative to deliver 40% of overall benefits from federal investments in climate and clean energy to disadvantaged communities that are marginalized, underserved, and overburdened by pollution.
     
  • Investing in economic revitalization of coal communities by creating the Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization, chaired by the White House and including eleven federal agencies, dedicated to increasing federal investment in land remediation and reclamation, economic diversification, and workforce training strategies for displaced fossil energy workers in diverse communities across the U.S.; and by directing significant new resources to fossil energy communities through the BIL and Inflation Reduction Act. 
     
  • Spurring innovation and supporting a new era of clean American manufacturing by passing the CHIPS and Science Act, using trade policy and Buy Clean actions to incentivize low-carbon production of key materials like steel, and invoking the Defense Production Act for five critical clean energy technologies.

LEADING GLOBAL EFFORTS TO SUPPORT VULNERABLE COUNTRIES IN BUILDING RESILIENCE TO CURRENT AND FUTURE CLIMATE IMPACTS

  • Scaling up U.S. public finance for climate adaptation and resilience by advancing President Biden’s commitment to work with Congress to increase U.S. international climate adaptation finance to $3 billion a year by 2024, a six-fold increase from the highest historical funded level. 
  • Helping more than half a billion people in developing countries adapt to and manage the impacts of climate change through ambitious efforts outlined in a whole-of-government PREPARE Action Plan by:
     
    • Responding to the UN Secretary-General’s call to ensure “Early Warning for All” by 2027 and increasing co-production and use of climate information;
       
    • Equipping the decision-makers of today and tomorrow with the skills, knowledge, networks, and outlook needed to adapt to climate impacts;
       
    • Building capacity to mainstream adaptation into policies, programs, and budgets and to support locally led adaptation;
       
    • Improving partner governments’ ability to assess, plan for, and implement programs that increase resilience to the impacts of climate change on food security, water, health, and infrastructure;
       
    • Increasing the amount and quality of finance that accelerates climate adaptation and resilience and supports gender-responsive, locally-led adaptation;
       
    • Assisting partner governments to assess, plan, and budget for adaptation costs, and scale up financing in all sectors;
       
    • Facilitating increased investment from the philanthropic and private sectors to advance adaptation and resilience in climate-vulnerable partner countries; and
       
    • Increasing and enhancing the use and effectiveness of disaster risk financing tools to support climate resilience.

LEADING GLOBAL EFFORTS TO KEEP THE 1.5 DEGREE GOAL WITHIN REACH

  • Executing the President’s Plan to Conserve Global Forests by working to help drive progress forward in each of the Plan’s four key objectives since President Biden launched the Plan at COP26, including building a whole-of-government approach to deliver on this ambitious, decade-long plan to support global efforts to halt and reverse deforestation by leveraging a range of diplomatic, policy, and financing tools.  The United States will continue this leadership through Special Envoy for Climate John Kerry’s co-Chairing of the Forest Climate Leaders Partnership, working alongside over 20 governments who are committed to advancing key actions and initiatives and acting to halt and reverse global deforestation by 2030.
     
  • Rapidly innovating and deploying clean energy solutions by bringing together the global community for the first-ever Global Clean Energy Action Forum in Pittsburgh last September, anchored by the Clean Energy Ministerial (CEM) and Mission Innovation (MI).  Together, 34 countries and stakeholders from the entire energy ecosystem of government, businesses, innovators, civil society, and youth around the world gathered to take action on the clean energy transition and enhance investment including the launch of the Zero-Emissions Government Fleet Declaration, regional hydrogen hubs, and new funding in carbon management programs.
     
  • Scaling up climate finance by advancing President Biden’s commitment at the 2021 UN General Assembly to work with Congress to increase U.S. international climate finance to over $11 billion a year by requesting the funds and authorities necessary to achieve this goal in his Fiscal Year 2023 Budget Request.  Recognizing that catalyzing private investment will be critical to reaching the scale of resources that will be required, the United States is also focused on using our finance in innovative ways, including to unlock the much larger sums of private finance that will be needed.  These efforts are integral to the Partnership for Global Infrastructure and Investment, which has climate and energy security as one of its central pillars.  For instance, the United States recently made a $950 million loan contribution to the Clean Technology Fund which will support MDB efforts to help key emerging market countries accelerate coal transition, which is expected to catalyze billions in private finance.  The multilateral development banks (MDBs) are also a key part of our strategy for scaling up climate finance to support climate action in developing countries. The United States is leading the charge in encouraging the MDBs to both increase their climate finance and make it more accessible to recipients.  These actions would help the MDBs build on their all-time-high of $66 billion in climate finance provided in 2020, with $38 billion going to low- and middle-income economies. USAID is also engaging directly with private sector partners to mobilize finance at scale using our grants and technical assistance to provide risk-sharing for investment in critical climate solutions, as well as building the pipeline for bankable projects.
     
  • Advancing the Global Methane Pledge (GMP) by building a coalition that now includes over 130 countries committed to reduce global anthropogenic methane emissions at least 30 percent below 2020 levels by 2030, as called for in the Global Methane Pledge that President Biden and European Commission President Von der Leyen launched at COP26.  To achieve the fastest and deepest methane reductions, President Biden announced a new GMP Energy Pathway focusing on fossil energy methane emissions at the June 2022 Major Economies Forum on Energy and Climate (MEF), alongside the European Union and 11 other countries.  The Energy Pathway mobilizes new policies, projects, technical assistance, and investment resources to dramatically reducing flaring, venting, and leakage of methane from fossil energy operations.  Achieving the full methane mitigation potential in this sector could avoid 0.1°C warming by midcentury and would boost global energy security by preventing the waste of 260 billion cubic meters of gas per year—equivalent to over one-third of Russia’s annual gas production.
     
  • Accelerating Zero-Emissions Vehicle (ZEV) Deployment by building a growing coalition of countries committed to a collective 2030 goal of ZEVs comprising 50% of new light-duty vehicle sales by 2030, to include battery electric, fuel cell electric, and plug-in hybrid vehicles.  In addition to the United States, the coalition includes Canada, Chile, the European Commission, France, Germany, Italy, Mexico, Norway, and the United Kingdom.
     
  • Advancing Agriculture Innovation Mission for Climate (AIM for Climate), launched at COP26 by the United States and the United Arab Emirates. AIM for Climate and its growing network of over 275 partners seek to drive more rapid and transformative climate action by increasing investment and support for climate-smart agriculture and food systems innovation. AIM for Climate achieved its goal of doubling the total increased investment mobilized by its partners from $4 billion announced at COP26 to over $8 billion at COP27, which includes over $1 billion from 30 partner-led innovation sprints.  The United States has also announced plans to host the AIM for Climate Summit on May 8-10, 2023 in Washington, DC.
     
  • Expanding the First Movers Coalition launched by President Biden and the World Economic Forum at COP26. The First Movers Coalition is the flagship U.S. public-private partnership to commercialize clean technologies through advance purchase commitments. Its corporate members have pledged $10 billion, the world’s strongest demand signal, for bringing emerging innovations to scale. On its first anniversary, the First Movers Coalition has grown to more than 60 companies, representing more than 10% of the global Fortune 2000 by market value, as well as ten governments. Each member company has made unprecedented purchasing commitments by the end of this decade in order to drive investment in next-generation clean steel, aluminum, and cement; near-zero carbon aviation fuels; zero-emission trucking and shipping; and carbon dioxide removal.  These commitments will drive down the green premium of emerging technologies and bring competitive technologies to market this decade that are needed to decarbonize so-called “hard-to-abate” sectors of the global economy that produce a third of global emissions.
     
  • Demonstrating Clean Energy Technologies by rallying sixteen partner countries to collectively mobilize $94 billion in public funding to build commercial-scale demonstration projects that the IEA says are needed this decade to achieve net-zero emissions by 2050 – meeting a challenge that President Biden issued to other world leaders at his June MEF. Partners that joined the President in announcing contributions earlier this year included Australia, Canada, European Commission, Finland, France, Germany, Japan, the Netherlands, Norway, Poland, the Republic of Korea, Singapore, Sweden, United Arab Emirates and the United Kingdom.
     
  • Bolstering Climate & Food Security, including through President Biden’s September 2022 announcement at UNGA of over $2.9 billion in new U.S. assistance to address global food insecurity stemming from climate change, COVID-19, and Russia’s unprovoked and ongoing war against Ukraine, which builds on the $6.9 billion in U.S. government assistance to support global food security already committed this year.  The United States is providing additional funding to the Global Agriculture and Food Security Program, the African Development Bank, and the International Fund for Agricultural Development that will promote climate resilient food systems. Following President Biden’s call to action at the June 2022 Major Economies Forum, at COP27 the United States and partners will announce funding commitments to the Global Fertilizer Challenge to advance fertilizer efficiency and reduce the impact of shortages on food security.

Biden Signs Historic Inflation Reduction Act:  ‘It’s about tomorrow. It’s about delivering progress and prosperity to American families’

Here is an edited, highlighted transcript of President Joe Biden’s remarks as he signed the Inflation Reduction Act, with historic investments in climate action, long-fought improvements in health care and prescription drug affordability, tax reform and deficit reduction, and in the immortal words of Biden as Obama’s VP, a “BFD.” –Karen Rubin/news-photos-features.com

President Joe Biden signs the historic, transformative Inflation Reduction Act, saying “It’s about tomorrow. It’s about delivering progress and prosperity to American families.” The act makes historic investments in climate action, long-fought improvements in health care and prescription drug affordability, tax reform and deficit reduction, and in the immortal words of Biden as Obama’s VP, a “BFD.” (via C-Span)

I’m about to sign the Inflation Reduction Act into law, one of the most significant laws in our history.  Let me say from the start: With this law, the American people won and the special interests lost.  The American people won and the special interests lost. 

For a while, people doubted whether any of that was going to happen. But we are in a season of substance.  This administration began amid a dark time in America — as Jim said, “a once-in-a-century pandemic” — devastating joblessness, clear and present threats to democracy and the rule of law, doubts about America’s future itself.  

And yet, we’ve not wavered.  We’ve not flinched.  And we’ve not given in.  Instead, we’re delivering results for the American people.  We didn’t tear down; we built up.  We didn’t look back; we looked forward.

And today — today offers further proof that the soul of America is vibrant, the future of America is bright, and the promise of America is real and just beginning.  (Applause.) 

Look, the bill I’m about to sign is not just about today, it’s about tomorrow.  It’s about delivering progress and prosperity to American families.

It’s about showing the American and the American people that democracy still works in America — notwithstanding all the — all the talk of its demise — not just for the privileged few, but for all of us.

You know, I swore an oath of office to you and to God to faithfully execute the duties of this sacred office.

To me, the critical duty — the critical duty of the presidency is to defend what is best about America.  And that’s not hyperbole.  Defend what’s best about America.  To pursue justice, to ensure fairness, and to deliver results that create possibilities — possibilities that all of us — all of us can live a life of consequence and prosperity in a nation that’s safe and secure.  That’s the job.  

Fulfilling that pledge to you guides me every single hour of every single day in this job.  

You know, presidents should be judged not only by our words, but by our deeds; not by our rhetoric, but by our actions; not by our promise, but by reality.  

And today is part of an extraordinary story that’s being written by this administration and our brave allies in the Congress.

This law — this law that I’m about to sign finally delivers on a promise that Washington has made for decades to the American people.  

I got here as a 29-year-old kid.  We were promising to make sure that Medicare would have the power to negotiate lower drug prices back then — back then — prescription drug prices.  

But guess what?  We’re giving Medicare the power to negotiate those prices now, on some drugs.

This means seniors are going to pay less for their prescription drugs while we’re changing circumstances for people on Medicare by putting a cap — a cap of a maximum of $2,000 a year on their prescription drug costs, no matter what the reason for those prescriptions are.

That means if you’re on Medicare, you’ll never have to pay more than $2,000 a year no matter how many prescriptions you have, whether it’s for cancer or any other disease.  No more than $2,000 a year.

And you all know it because a lot of you come from families that need this.  This is a Godsend.  This is a Godsend to many families and so, so long overdue. 


The Inflation Reduction Act locks in place lower healthcare premiums for millions of families who get their coverage under the Affordable Care Act.  

Last year, a family of four saved on average $2,400 through the American Rescue Plan that I signed into law that Congress voted in place.

In the years ahead, thanks to the Inflation Reduction Act, 13 million people are going to continue — continue to save an average of $800 a year on health insurance.

The Inflation Reduction Act invests $369 billion to take the most aggressive action ever — ever, ever, ever — in confronting the climate crisis and strengthening our economic — our energy security.

It’s going to offer working families thousands of dollars in savings by providing them rebates to buy new and efficient appliances, weatherize their homes, get tax credit for purchasing heat pumps and rooftop solar, electric stoves, ovens, dryers.
 
It gives consumers a tax credit to buy electric vehicles or fuel cell vehicles, new or used.  And it gives them a credit — a tax credit of up to $7,500 if those vehicles were made in America. 

American auto companies, along with American labor, are committing their treasure and their talent — billions of dollars in investment — to make electric vehicles and battery and electric charging stations all across America, made in America.  All of it made in America.

This new law also provides tax credits that’s going to create tens of thousands of good-paying jobs and clean energy manufacturing jobs, solar factories in the Midwest and the South, wind farms across the plains and off our shores, clean hydrogen projects and more — all across America, every part of America.

This bill is the biggest step forward on climate ever — ever — and it’s going to allow us to boldly take additional steps toward meeting all of my climate goals — the ones we set out when we ran.

It includes ensuring that we create clean energy opportunities in frontline and fence-line communities that have been smothered — smothered by the legacy of pollution, and fight environmental injustice that’s been going on for so long.

And here’s another win for the American people: In addition to cutting the deficit by $350 billion last year, in my first year in office, and cutting it $1.7 trillion this year, this fiscal year, we’re going to cut the deficit — I point out — by another $300 billion with the Inflation Reduction Act over the next decade.

We’re cutting deficit to fight inflation by having the wealthy and big corporations finally begin to pay part of their fair share.

Big corporations will now pay a minimum 15 percent tax instead of 55 of them got away with paying zero dollars in federal income tax on $40 billion in profit. 

And I’m keeping my campaign commitment: No one — let me emphasize — no one earning less than $400,000 a year will pay a penny more in federal taxes.  (Applause.) 

Folks, the Inflation Reduction Act does so many things that, for so many years, so many of us have fought to make happen.

And let’s be clear: In this historic moment, Democrats sided with the American people, and every single Republican in the Congress sided with the special interests in this vote — every single one.

In fact, the big drug companies spent nearly $100 million to defeat this bill.  A hundred million dollars.

And remember: Every single Republican in Congress voted against this bill. 

Every single Republican in Congress voted against lowering prescription drug prices, against lowering healthcare costs, against a fairer tax system.

Every single Republican — every single one — voted against tackling the climate crisis, against lowering our energy costs, against creating good-paying jobs.

My fellow Americans, that’s the choice we face: We can protect the already-powerful or show the courage to build a future where everybody has an even shot.

That’s the America I believe in.  (Applause.)  That’s what I believe in. 

And today — and today, we’ve come a step closer to making that America real.

Today, too often we confuse noise with substance.  Too often we confuse setbacks with defeat.  Too often we hand the biggest microphone to the critics and the cynics who delight in declaring failure while those committed to making real progress do the hard work of governing.


Making progress in this country as big and complicated as ours clearly is not easy.  It’s never been easy.

But with unwavering conviction, commitment, and patience, progress does come…

And when it does, like today, people’s lives are made better and the future becomes brighter, and a nation can be transformed.

That’s what’s happening now.  From the American Rescue Plan that helped create nearly 10 million new jobs, to a once-in-a-generation infrastructure law that will rebuild America’s roads, bridges, ports; deliver clean water, high-speed Internet to every American; to the first meaningful gun safety law in 30 years — and if I have anything to do with it, we’re still going to have an assault weapons ban, but that’s another story.  And to get significant veterans’ healthcare law in decades, for the first time; to a groundbreaking CHIPS and Science Law that’s going to ensure that technologies and jobs of the future are made here in America — in America.

(Applause.) 

And all this progress is part of our vision and plan and determined effort to get the job done for the American people, so they can look their child in the eye and say, “Honey, it’s going to be okay. Everything is going to be okay.”

Everything is going to make sure that democracy delivers for your generation.  Because I think that’s at stake.

And, now, I know there are those here today who hold a dark and despairing view of this country.  I’m not one of them.

I believe in the promise of America.  I believe in the future of this country.  I believe in the very soul of this nation.  And most of all, I believe in you, the American people.

I believe to my core there isn’t a single thing this country cannot do when we put our mind to it.  We just have to remember who we are.  We are the United States of America.

There is nothing nothing beyond our capacity. That’s why so many foreign companies decided to invest their — make chips in America. Billions of dollars.  We’re the best.  We have to believe in ourselves again.

And now I’m going to take action that I’ve been looking forward to doing for 18 months.  (Laughter and applause.)  I’m going to sign the Inflation Reduction Law.  (Applause.)

Okay.  Here you go. (The bill is signed.)

LEADER SCHUMER:  It’s now law.

(Applause.)