5 years ago

Biden’s Budget Includes Climate and Environmental Allocation

President Biden released his budget request to Congress on April 9. The budget outlines domestic priorities the administration has already established including racial equity, solving Climate change, creating jobs, and improving public education.

Source: CNBC Television/YouTube

His budget includes $27.8 billion for the Department of Agriculture, which would protect the environment with money allocated for the threat of wildfires and expanded infrastructure for safe drinking water.

He added $46.1 billion for the Department of Energy, an almost 10% increase, which will focus largely on clean energy investments. The budget also includes increased spending for the Environmental Protection Agency. President Trump cut the agency’s spending by 26%, Forbes reported.

The Department of Transportation’s allocation will focus on funding for rail and buses and the State Department’s funding includes a portion for leadership on climate change.

This investment across agencies signals a “whole-of-government approach to tackling Climate change.” Climate-related spending is an increase of $14 billion compared to the previous year’s budget.

The budget announcement comes days after Biden announced a significant infrastructure bill also aimed at combating Climate change. Paul Bledsoe, a former Clinton White House climate advisor now with the Progressive Policy Institute, told CNBC of the infrastructure proposal, “Electrifying America’s cars and trucks, creating a nationwide smart grid, expanding electricity storage to allow more renewable energy, establishing universal high speed internet — all of these are intended to boost the productivity and competitiveness of the economy, while also cutting emissions.”

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