The president’s plans to cut emissions in half by 2030 relies heavily on a government effort to steer the development of new industries, but business leaders are fretting over the rapid timeline.
Hitting the targets could require a rapid shift to electric vehicles, the expansion of forests nationwide, development of complex new carbon-capture technology and many other changes, researchers said.
The settlement between LG Energy Solutions and SK Innovation ensures that a battery plant in Georgia will go forward without hampering electric vehicle production.
Investments in the future don’t always involve concrete.
For decades, Democrats have countered opposition to "job-killing" environmental regulation by saying combatting climate change would create well-paying new jobs. President Biden is betting on it.
The president will begin selling his proposal on Wednesday, saying it would fix 20,000 miles of roads and 10,000 bridges, while also addressing climate change and racial inequities and raising corporate taxes.
As vice president, Joe Biden oversaw a “green jobs” stimulus package that produced notable failures. This time, with more money and more demand for clean technology, will be different, Democrats say.
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The new president has shown a welcome interest in combating climate change. But more will need to be done.
Every carmaker is trying to figure out how to make the leap before governments force it and Tesla and other start-ups lure away drivers.
