By Emma Newburger, CNBC
The analysis by the Office of Management and Budget, which administers the federal budget, is the first published estimate of avoided climate-related social costs resulting from legislation. The social cost of carbon is an estimate of the economic costs that would occur from a future level of carbon pollution.
The bill’s climate provisions are projected to reduce the country’s carbon emissions by roughly 40% by 2030. Early in his presidency, President Joe Biden pledged to reduce U.S. emissions from 2005 levels at least in half by 2030 and achieve net-zero emissions by 2050. Read more here.
NEW RESEARCH ON PUBLIC PERCEPTIONS ABOUT CLIMATE CONCERN
Americans don’t think other Americans care about climate change as much as they do, CNBC
That’s the rough takeaway from research published Tuesday in the journal Nature Communications.
- Between 80 and 90 percent of Americans underestimate the concern their fellow Americans have for climate change and their support for “transformative” mitigation policies, according to research published Tuesday.
- Between 66 and 80 percent of Americans support such policies, but they think that only between 37 and 43 percent of their peers hold that sentiment.
- This kind of psychological disconnect is especially problematic in addressing climate change because it requires collective action.
AMERICAN FARM BUREAU FEDERATION
The final bill includes nearly $40 billion for agriculture, forestry and rural development. This includes nearly $20 billion in funding for the Agricultural Conservation Easement Program (ACEP), Conservation Stewardship Program (CSP), Environmental Quality Incentives Program (EQIP) and Regional Conservation Partnership Program (RCPP), plus technical assistance.
In addition, it includes $14 billion for rural development to support the development of renewable energy and spending on biofuels infrastructure. The bill also provides $4 billion to mitigate the impacts of drought in the Western Reclamation states, with priority given to the Colorado River Basin and other basins experiencing comparable levels of long-term drought.
USDA NEWS RELEASE
USDA Invests $121 Million in Critical Infrastructure to Combat Climate Change Across Rural America, August 24, 2022
U.S. Department of Agriculture (USDA) Deputy Secretary Dr. Jewel Bronaugh today announced USDA is investing $121 million in critical infrastructure to combat climate change across rural America. The investments include $111 million for 289 projects to help people living in socially vulnerable communities.
DEPARTMENT OF ENERGY BLOG
How to Start Your Career in Clean Energy
This Energy.gov blog post was written by Isabelle Hamilton, an intern in the Office of Public Affairs. To learn more about internship opportunities available at the Department of Energy, visit the Department of Energy’s Students and Recent Graduates career page.
ALSO OF POTENTIAL INTEREST
- Rising fuel prices, Inflation Reduction Act incentives likely to spur rapid renewable energy growth: S&P, Utility Dive
- Americans Want Clean Energy Products Made in the USA and That Goal is Now Within Reach, Solar Energy Industries Association
- Scientists have increased the life of fuel cells – why that matters for solar and wind, Electrek
- Here’s why 1,000 sheep on a Colorado solar farm will be a win-win, Electrek
- Panasonic launches new warranty package for solar and battery storage, PV Magazine
The company now offers a 25-year warranty for its panels and 10 years for its energy storage system.
- EV shipping is set to blow internal combustion engines out of the water, PV Magazine