October 7, 2022

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What does America's massive climate plan mean for the rest of the world?

What does America’s massive climate plan mean for the rest of the world?

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The US will invest an unprecedented $340 billion (€333 billion) to reduce greenhouse gas emissions by 40 percent by 2030. In the words of President Joe Biden, America is leading the way to “address today’s most pressing economic challenges, strengthen our economy for decades to come, and make America a global leader in renewable energy.”

is huge There is always an investment plan for the American climate — after several conflicts within Biden’s own party. A sampling of the package: With this reform, every American would receive up to $7,500 in tax credits for buying an electric car. A 30 percent subsidy is provided for installation of rooftop solar panels. Entire forests are adapted to resist massive fires. And the most polluting industries receive substantial state support in the energy transition. According to Biden, his plans include creating jobs locally and helping Americans lower energy costs.

€333 billion for climate is certainly impressive, although it should be noted that the money urgently needed to save the planet is spread over eight years. That’s 45 billion euros a year for climate: less than 6 percent of US military spending in 2021. This bill is US CO.2Emissions reduced by 40 percent by 2030.

China

“You can argue about it, but it’s a big step for a country that has historically had the biggest CO2emitter in the world,” says Paul Verhagen, an expert on the United States and a researcher of technology competition between the United States and China. By comparison: Where the U.S. now thinks it can approach its climate goals, China wants to peak with CO this decade.2emissions and Beijing expects to be carbon neutral by 2060. This is ten years after most developed countries.

How many tons of carbon China will emit depends on many factors; as well as economics and politics. Last week, China announced that it no longer wants to talk to the United States about a joint approach to climate issues. Nancy Pelosi’s Controversial VisitSpeaker of the US House of Representatives, China claims Taiwan.

India, a major polluter, pledged last year to make the country carbon neutral by 2070. According to experts, at least 12 trillion euros of foreign investment would be needed to make a big job out of that country.

Competition

“In general, you can say that all countries are looking out for each other to make sure that others are doing enough. No one wants to pull the wagon alone,” says climate expert Bart Verhagen. RTL news and Lecturer at University College Amsterdam. “As a large and rich country and one of the largest CO2A role model for spitters in the world. The rest of the world is certainly watching what the three big men – the US, China and the EU – are doing in the region. The US plan will certainly have an impact in some aspects, as, for example, the market for electric cars will receive a boost.

According to Verhagen, Biden’s climate plan not only saves the planet, but America is also working hard to ‘win the 21st century’. “If America dominates semiconductors, AI or artificial intelligence, Quantum computing (The processor uses the principles of quantum mechanics) and with stable technology, they have won that battle.

Much of the old economy will eventually have to be replaced, meaning a lot of jobs worldwide. Joe Biden wants many of those jobs to go to Americans, not all imported from China. America and China are likely to enter into a kind of competition like the Soviet Union and the United States who wanted to conquer space first. An additional reason for persistence is that both the U.S. and China have a lot to do with extreme weather: hurricanes, floods, droughts, Verhagen thinks. “They both know that if you don’t act now, you’re going to pay the price in 20, 30 years.”

Politicized

While Biden’s plan was all over the place, Verheggen is pleased that it has been accomplished over time. “It’s important to take action in that part of the world as well. It’s very difficult there, but it’s a bright spot in a fragile process. It still hasn’t penetrated much of the world and politics. It’s really tragic that the Republican Party is voting as a group against such plans. It’s a shame that this topic has become so polarized and politicized.”

If you consider CO, this politicization is also completely unnecessary2Molecules are apolitical, says Verhagen. “They’re just doing what they’re doing, and that’s trapping heat radiation. Everybody’s affected by it, it doesn’t matter if you’re a Republican or a Democrat. Republicans aren’t going to spare homes even if it rains heavily in a particular area. It’s very unfortunate that this issue is being politically driven.

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