US President Joe Biden wants to perform at the 2021 UN Climate Change Conference (COP26) in Scotland that the United States has returned to the fight against global warming, but disagreements in Congress over legislation to advance its climate goals threaten to undermine the message globally.
Biden leaves for Europe this Thursday (28) for the G20 summit in Rome, followed by a meeting of world leaders in Glasgow aimed at saving the planet from the devastation caused by rising temperatures.
American hopes to demonstrate legislation designed to meet a US pledge to reduce greenhouse gas emissions by between 50% and 52% by 2030 compared to 2005 levels, aimed at setting an example which will encourage other countries to take bold and swift action for defence. Earth.
The plan includes hundreds of billions of dollars of clean energy investment, but aspects such as a program that will reward power producers for investing in renewable energy and penalize those who do not, will need to fund its agenda and fight climate change. One was dropped from the bill to compete. Change.
As of Wednesday night, Biden’s fellow Democrats still hadn’t reached an agreement, forcing him to leave Washington empty-handed.
While Democrats are hopeful a deal will be struck in the next few days, the absence of legislation could make it hard for Biden to convince the world that he can deliver on US emissions reduction promises.
“It is important to be able to deliver credibility in the global arena and influence other countries to take similarly ambitious action,” said Tom Damsa, associate director of Oxfam Americas Against Climate Change.
One of the bills is believed to have expanded tax credits for some clean energy industries, such as wind and solar, and could include grants and loans to farmers to switch to clean energy. But a proposed carbon tax and a limit carbon tax adjustment that would increase the cost of importing goods such as concrete and steel would be abolished.
The Biden administration is trying to forgo the old tax breaks for fossil fuels, which analysts estimate cost about $15 to $20 billion a year, but that initiative, too, is nearly dead.