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제목 Why the US should establish a carbon price either through reconciliation or other legislation (Brookings) 기타 2021-10-13



Why the US should establish a carbon price either through reconciliation or other legislation

 

 

 

 

October 7, 2021

Sanjay Patnaik, Kelly Kennedy

 

 

From the start of his term, President Biden has indicated that he wishes to pursue an ambitious climate agenda. On his first day in office, he recommitted the U.S. to the Paris Climate Agreement and ordered agencies to review a slew of climate-related (de-)regulations enacted by the Trump administration. One week later, he signed the Executive Order on Tackling the Climate Crisis, which outlined a “whole-of-government” approach to mitigating and responding to climate change. And in April, he announced a new target for U.S. emissions reductions: to halve emissions from 2005 levels by 2030.

 

Now, President Biden and Democrats in Congress have to find a way to meet these goals. Democrats are in the midst of negotiations over what could be a very impactful climate bill. As part of the budget reconciliation process, Democrats are proposing a $3.5 trillion spending bill, a sizable portion of which would be allocated to climate-related provisions. Representatives have floated such ideas as investing in electric vehicle infrastructure, launching a “Civilian Climate Corps,” and even imposing a carbon border tax.

 

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