President Joe Biden on Tuesday signed a climate law that includes $375 billion in incentives to produce clean energy, as part of an overall budget bill.
by President Joe Biden should reduce future global warming “not a lot, but not insignificantly either,” according to a climate scientist who led an independent analysis of the package.
“This is the biggest thing to happen to the U.S. on climate policy,” said Bill Hare, the Australia-based director of Climate Analytics which puts out the tracker. “When you think back over the last decades, you know, not wanting to be impolite, there’s a lot of talk, but not much action.” Before the law, Climate Action Tracker calculated that if every other nation made efforts similar to those of the U.S., it would lead to a world with catastrophic warming — 5.4 to 7.2 degrees above pre-industrial times. Now in the best case scenario, which Hare said is reasonable and likely, U.S. actions, if mimicked, would lead to only 3.6 degrees of warming. If things don’t work quite as optimistically as Hare thinks, it would be 5.4 degrees of warming, the analysis said.
Other nations “who we know have been holding back on coming forward with more ambitious policies and targets” are now more likely to take action in a “significant spillover effect globally,” Hare said. He said officials from Chile and a few Southeast Asian countries, which he would not name, told him this summer that they were waiting for U.S. action first.
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