In his final weeks as president, Joe Biden is engaged in active government. On Thursday, the 46th president made an announcement that climate change initiatives would receive more than$ 1.4 billion in funding. The Department of Transportation has allocated$ 1.2 billion in funding to help states use” cleaner building materials for travel jobs.”
The Inflation Reduction Act and Bipartisan Infrastructure Law require the Biden administration to invest in clean energy and different climate efforts.  ,
” When President Biden took office, he pledged to rebuild America’s culture command at home and abroad”, a media release read. ” Every day since, the Biden-Harris Administration has led and delivered on the most ambitious climate, conservation, clean energy, and environmental justice agenda in history” . ,
The Inflation Reduction Act and Bipartisan Infrastructure Law, as well as President Biden’s” Investing in America” initiatives, have” seen the largest ever investments in climate and clean energy, securing the largest ever investment in clean energy, and launching a clean energy production and implementation surge that has attracted hundreds of billions of dollars in private business investment, created hundreds of thousands of new clean energy work, and lowered energy prices for households while delivering cleaner air and water to communities across the country,” according to
The Biden administration’s announcement for the latest funding of the” Investing in America” agenda featured “new climate investments” in clean energy manufacturing, reducing greenhouse emissions, and lowering home energy costs, according to the press release. The announcement comes as Biden heads to South America, most likely for the final time during his presidency, for the Asia-Pacific Economic Cooperation forum and a “historic” trip to the Amazon” to engage with local and Indigenous leaders” to discuss ecosystem preservation and protection.
The Department of Energy’s$ 18 million funding for the Bipartisan Infrastructure Law, which will be distributed to 61 local and territorial governments, is included in the announced funding. This financial package will allow for a number of “energy efficiency and decarbonization projects,” according to the White House.
Additionally, the Department of Agriculture will grant$ 256 million as part of the Inflation Reduction Act to fund “more than 1, 100 clean energy projects in 40 states”. It will encourage “agricultural producers and rural small business owners” to switch away from fossil fuels and use renewable energy sources like “wind, solar, geothermal, and small hydropower energy” to improve their energy efficiency. These investments will help these industries shift their culture toward clean energy, which will in turn result in higher income and business size while also “addressing climate change”.
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Lastly, the U. S. Department of Transportation will grant$ 1.2 billion to “empower states” to use” construction materials that create less pollution, including asphalt, glass, steel, and concrete, for infrastructure projects”. This will cause a rise in demand for these novel materials, which will transform the transportation and infrastructure sectors while also addressing climate change issues. Ultimately, it will advance the Biden administration’s climate change agenda to shift the nation to “more sustainable construction practices”.
The White House stated that” These investments build on President Biden and Vice President Harris ‘ expansive climate and conservation record, which has reduced emissions, created jobs, and expanded manufacturing in every industry across the country.” The administration has given projects more than$ 98.5 billion in grants since the Inflation Reduction Act’s passage into law, and the private sector has responded to the laws ‘ historic incentives with nearly$ 300 billion in announced investments in clean energy, battery manufacturing, and clean power generation during that time.
