After touch-and-go negotiations, climate emerges as big winner in Biden's economic framework
CNN
As the dust settles on Democrats' $1.75 trillion economic framework, climate has emerged as a big winner.
The framework crafted by President Joe Biden and congressional leaders includes $555 billion for climate and clean energy provisions. If passed, it would be the largest legislative investment on climate in US history, and a significant step forward for a Congress that has punted on climate action for decades -- all while global temperatures have risen at an alarming rate.
"We're spending over five times what we spent in the [2009] Recovery Act, and it's a lot broader," Josh Freed, founder of the Climate and Energy Program at the center-left think tank Third Way, told CNN, referencing the $90 billion spent on clean energy during the Obama administration. "The Biden administration and congressional Democrats learned a big lesson, which is these kinds of investments can have a huge positive impact on sectors, technology, and the economy."
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