FACT SHEET: President Biden highlights investments in clean energy manufacturing and delivery that lower consumer costs, strengthen the US energy sector and create high-paying jobs

President Biden championed a bold vision to address the climate crisis with the urgency science demands, using the opportunity to build a strong domestic energy sector that can produce and deploy clean energy for the benefit of all Americans—at a lower cost to families , well-paying jobs for workers and healthier air and water for communities.

He has delivered since day one. After rejoining the Paris Agreement, restoring scientific integrity and reinvigorating US leadership on the world stage, President Biden mobilized every federal agency to achieve groundbreaking goals: Reducing greenhouse gas emissions by 50-52% below 2005 levels in 2030, achieving 100% zero-carbon electricity by 2035, and delivering 40% of the benefits of federal climate and clean energy investments to disadvantaged communities. The President formed the first-ever National Climate Taskforce, bringing together Cabinet leaders to drive decisive action to meet those goals.

In addition to historic executive measures, President Biden made climate protection and environmental justice a core part of his bipartisan infrastructure law– These include the largest federal investments ever in modernizing the electricity grid, improving public transport and investing in zero-emission transit and school buses, installing a statewide charging network for electric vehicles, cleaning up contaminated sites, providing clean water and replacing Lead piping as evidence of innovation in climate technologies and increasing climate resilience to protect against extreme weather conditions that caused more than $145 billion in damage last year from the 20 largest disasters alone.

CALL CONGRESS TO DELIVER

President Biden knows that we must act even faster to tackle climate change — and that Congress must act to seize the moment and fully capitalize on the economic opportunities that lie ahead. In his first State of the Union address, the President will ask Congress to come up with a legislative agenda for clean energy and climate action that has overwhelming support from the American people – Republicans, Democrats and independents.

In particular, the President will highlight the benefits we can secure for American consumers, businesses and communities by enacting key investments and tax credits for domestically producing and deploying clean energy. He will also highlight how the investments and tax credits would reduce energy costs for American families by an average of $500 a year.

As part of the President’s unwavering support for climate solutions, these investments will reduce emissions, lower costs for families, create good-paying jobs for workers, and promote environmental justice.

BOLD ACTIONS TWO MONTHS IN 2022

As the President works with Congress to implement this legislative agenda, he will continue to act with determination and courage – building on the momentum he has driven in addressing the climate crisis. Only in the first two months of 2022the Biden-Harris administration:

  • Announced actions from seven agencies use of clean energy, including new investments and partnerships to promote offshore wind energy; Steps to Accelerate Solar, Onshore Wind, and Geothermal Energy on Public Land; and the Building a Better Grid initiative to expand long-distance transmission lines and develop clean energy resources.
  • Started the Build a performance standards coalition with more than 30 state and local governments to reduce emissions, create high-paying union jobs in energy efficiency and electrification, and reduce energy bills, with federal support for policy design and implementation.
  • Built on the Action plan to reduce methane emissions by announcing an initial $1.15 billion for the rehabilitation of abandoned oil and gas wells, $725 million for the reclamation of abandoned mine areas, a new multi-agency initiative to measure and monitor methane and other greenhouse gas emissions, enforcement efforts to minimize of methane emissions from pipeline systems and more.
  • Advanced America electric vehicle futureis working with CEOs to announce new manufacturing facilities for electric vehicles, batteries and chargers, and to issue state allocations and guidance for the $5 billion National Electric Vehicle Infrastructure Formula program of the bipartisan Infrastructure Act.
  • Round table convened by Managers of electricity suppliers to discuss their support for congressional investments in clean energy to lower costs for families, make the electric grid more resilient and reliable, and spur American innovation, job creation and economic competitiveness.
  • Big steps taken reduce industrial emissions and promote clean productionincluding investments in clean hydrogen, the first Buy Clean Task Force for federal purchases of low-carbon building materials, advances in carbon-based trade policies to reward clean steel and aluminum production, guidance on the responsible use of carbon capture, utilization and sequestration technologies, and new initiatives to ensure industrial innovation benefits American workers and communities.
  • Released the Climate and economic justice screening tool for public feedback to help agencies deliver services to disadvantaged communities and fulfill the President’s commitment to justice40.
  • Announced major investments to secure a “Made in America” ​​supply chain for critical minerals and sustainable sourcing of key inputs (including lithium and rare earth elements) for clean energy technologies such as batteries, electric vehicles, wind turbines and solar panels. This includes taking steps to update outdated mining regulations and laws to ensure mining and production meet strict environmental, labor and community and tribal standards.
  • Brought out America’s Supply Chain Securing Strategy for a Robust Clean Energy Transition, a unique industrial grassroots strategy for the energy sector, which includes the creation of a new Manufacturing and Energy Supply Chain Office within the Department of Energy to strengthen, secure and modernize the country’s energy infrastructure and support clean energy generation jobs.
  • stopped Record-Breaking Offshore Wind Auction in New York Bay, with winning bids on six leases totaling $4.37 billion, signaling the arrival of a strong American industry that is here to stay. Innovative lease terms will encourage projects built with union labor and “Made in America” materials, and these projects will generate clean electricity to power millions of homes.

HISTORICAL YEAR OF PROGRESS

This wave of climate action to kick off 2022 builds on historic advances President Biden made in his first year in office when he:

  • For the first time, set an official goal that you want to achieve Net zero greenhouse gas emissionsmacroeconomically by 2050 at the latest and reduce greenhouse gas pollution by more than half by 2030.
  • Clean energy in fast forwardthat is setting national records with hundreds of new solar, wind and storage projects creating high-paying, unionized jobs and reducing energy bills.
  • Started the American offshore wind industrywith the first approvals of major projects and new leases in the Atlantic and Pacific.
  • jump start on Electromobility of the future this is Made in America, uniting automakers and auto workers to achieve 50% share of EV sales by 2030 and drive over $100 billion in investments in America’s EV and battery manufacturing industries.
  • Tackled main emission sourceswith measures to reduce emissions of very polluting hydrofluorocarbons by 85% within 15 years, an action plan to reduce methane emissions with more than 40 inter-agency measures and the toughest car standards ever.
  • Transformed hundreds of federal programs to implement the Justice40 initiative and provide more than $2.8 billion in federal funding to support economic recovery in hard-hit energy communities.
  • Established national initiatives to: set an example for federal fleet, buildings and procurement; conserve 30% of US land and seas by 2030; and build resilience to extreme heat, drought, wildfires, flooding, and coastal impacts.

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