President Announces New Actions to Tackle Climate Change, Tap Economic Opportunity, and Tout Ambition of Collective Global Efforts
On day one in office, President Joe Biden rejoined the Paris Agreement, restored U.S. leadership on the world stage, and reestablished our position to tackle the climate crisis at home and abroad. On day one at the U.N. Framework Convention on Climate Change Conference of the Parties (COP26), President Biden will outline the bold steps his Administration is taking in his whole-of-government approach to combat climate change, underscore how bold action delivers economic prosperity and peace and security, and rally countries from every corner of the world to step up their ambition and confront this existential threat during a decisive decade.
President Biden believes this is not a challenge for future generations, but one all countries must confront today – with urgent, bold, and direct action. Heading into COP26, President Biden announced the Build Back Better Framework – the largest effort to combat climate change in American history alongside his Bipartisan Infrastructure Deal that the President is confident can pass both chambers of Congress and be signed into law. The Build Back Better Framework will cut greenhouse gas pollution by well over one gigaton in 2030, reduce clean energy costs for working families, give our kids cleaner air and water, create hundreds of thousands of good-paying, union jobs, and advance environmental justice while investing in a 21st century clean energy economy. President Biden’s bold agenda, along with his robust executive and regulatory actions to date, represents the U.S. intention to capture the economic opportunity that addressing climate change presents.
President Biden is committed to cutting greenhouse gas emissions 50-52 percent below 2005 levels in 2030, reaching a 100% carbon pollution-free power sector by 2035, and achieving a net-zero economy by no later than 2050 – all while creating good paying, union jobs at home. The President is also committed to partnering with countries most in need to strengthen the resilience of communities and economies across the world, including those vulnerable to the unavoidable impacts of climate change, reducing tensions and risks of instability.
To deliver on these goals, the President will:
Launch the President’s Emergency Plan for Adaptation and Resilience (PREPARE). This is a whole-of-government initiative that will serve as the cornerstone of the U.S. Government response to addressing the increasing impacts of the global climate crisis in order to enhance global stability. The President will work with Congress to provide $3 billion in adaptation finance annually for PREPARE by FY2024 – the largest U.S. commitment ever made to reduce climate impacts on those most vulnerable to climate change worldwide. PREPARE will activate a coordinated approach that will bring the United States’ diplomatic, development, …….