Senator puts US Climate Strategy at Risk

US climate and clean energy investments have come under threat after Democrat Senator Joe Manchin indicated his unwillingness to support a federal budget reconciliation deal. The legislative package is seen as critical to meeting President Joe Biden’s goal of reducing US greenhouse gas emissions at least 50% by 2030. Manchin’s position would effectively block the passage of measures include investments in clean energy, vehicle electrification, industrial decarbonisation. The development caused fellow Democrat Senator Jeff Merkley to call for Biden to “use the full scope of his executive powers to address climate chaos”. “We need federal clean energy legislation to reduce dependence on expensive, volatile global energy markets and supply chains, strengthen US energy security and economic competitiveness,” said Zach Friedman, Director of Federal Policy at Ceres.

 

To Top
Newsletter SignupReceive all the latest stories from the ESG Investor editorial team

Subscribe to our free weekly newsletter below and never miss a story.

Copy link
Powered by Social Snap