Thinker101
Diamond Member
- Mar 25, 2017
- 24,724
- 14,934
Biden’s pledge to cut America’s climate warming emissions in half by 2030 is technologically feasible and, scientists say, ecologically imperative. Economically, it could be a gamble.
The speed of the president’s promised transformation to an economy far less reliant on fossil fuels risks exposing vulnerabilities in the nation’s electricity system and unsettling its transportation sector, while potentially increasing American reliance on goods imported from China. Utility chiefs say they could handle the transition over a slightly longer timeline, but they warn of rolling blackouts to meet the president’s 2030 target.
This ought to get interesting, with Biden's proposed hike in Capital Gains Taxes, will private money support Biden's agenda?
Biden’s Bet on a Climate Transition Carries Big Risks
The speed of the president’s promised transformation to an economy far less reliant on fossil fuels risks exposing vulnerabilities in the nation’s electricity system and unsettling its transportation sector, while potentially increasing American reliance on goods imported from China. Utility chiefs say they could handle the transition over a slightly longer timeline, but they warn of rolling blackouts to meet the president’s 2030 target.
This ought to get interesting, with Biden's proposed hike in Capital Gains Taxes, will private money support Biden's agenda?
Biden’s Bet on a Climate Transition Carries Big Risks