By Paul Homewood
Joe Biden pledges to spend $2 trillion on clean energy in first term
US presidential hopeful Joe Biden has set out a $2 trillion spending plan for clean energy and sustainable infrastructure, pledging to install 500 million solar panels and achieve net zero carbon emissions in the power sector by 2035.
The Democratic nominee has pledged to spend the $2 trillion in his first term, far faster than previously proposed.
Biden proposes to reform and extend tax incentives that support clean energy and implement a technology-neutral “Energy Efficiency and Clean Electricity Standard (EECES)” for utilities and grid operators.
Biden’s team plans to “dramatically expand” solar and wind energy deployment through community-based and utility-scale systems, including 8 million solar roofs and community solar systems and 60,000 onshore and offshore wind turbines.
Joe Biden is planning to spend big on wind and solar power, as he aims to…
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