For so long carbon has been relied upon as the main energy source to fuel the US economy. But under new US President Joe Biden, who is officially inaugurated into the position on Wednesday, an eye-watering $2trillion will be invested in green initiatives including renewable energy.
While his predecessor Donald Trump ignored the experts and failed to address climate change issues and knocked back green legislation, Biden is determined to put in measures that will enable the US to become carbon free by 2050.
Infrastructure to enhance the electric vehicle market will include 500,000 new public charging outlets by the end of 2030, while a target of reducing the carbon footprint of the US building stock 50% by 2035 is to be put in place.
From his first day of office, Biden says public companies will be required to disclose climate-related financial risks and the greenhouse gas emissions in their operations and supply chains.
Also on his staggering ‘to-do’ list is a desire to re-join the 2015 Paris Climate Accord.
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