Framework’s climate elements may keep emissions goals in reach
The climate and low-carbon energy elements in President Joe Biden’s $1.75 trillion budget reconciliation framework would likely fall short of what is needed for the U.S. to meet its emissions reduction goals even though the proposal is poised to be the largest climate legislation in the nation’s history, experts said.
Before heading to Italy and then the United Kingdom for back-to-back summits on climate change, Biden presented the outline for climate and social safety net proposals as well as $2 trillion in offsets, including an international tax agreement, more IRS enforcement...