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Just dropped · Trial Balloon · Ep. 192

November Surprises

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Trial Balloon · Ep. 192: November Surprises

Biden Tries to Convince Skeptical World at Climate Talks

November 1, 2021 · 6:37 am ET · Leave a Comment

“President Biden will walk into a riverside event space on Monday to try to convince a gathering of world leaders that the United States, which has pumped more greenhouse gases into the atmosphere than any other nation, is finally serious about addressing climate change and that others should follow its lead,” the New York Times reports.

“But Mr. Biden is coming with a weaker hand than he had hoped.”

“He has been forced to abandon the most powerful mechanism in his climate agenda: a program that would have quickly cleaned up the electricity sector by rewarding power companies that migrated away from fossil fuels and penalizing those that did not. His fallback strategy is a bill that would provide $555 billion in clean energy tax credits and incentives. It would be the largest amount ever spent by the United States to tackle global warming but would cut only about half as much pollution.”

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