The Biden administration is issuing recommendations for federal agencies to consider the economic effects of greenhouse gas emissions in their budgeting and purchasing decisions, an unprecedented move meant to harness the government's power of the purse against climate change.
The White House’s guidance released Thursday will be issued to agencies across the board, from agriculture to health, and could affect purchasing decisions in various departments. The recommendations would allow agencies to consider the “social costs of greenhouse gases” generated by goods and projects, how they worsen global warming, and the cost of that to the economy.
This move is significant, as the federal government spends more than $630 billion every year on goods and services and stands to be the world’s largest purchaser. The Office of Management and Budget estimated that climate-related disasters could increase federal spending by over $100 billion while decreasing annual federal revenue by up to $2 trillion by the end of the century.
“The Biden administration continues to use unproven figures to attempt to justify its environmental policies that drive up costs for families, hamstring American employers, and delay job-creating infrastructure projects from ever moving forward,” Sen. Shelley Moore Capito , the Senate Environment and Public Works Committee ranking member, wrote in a statement.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oklahoma superintendent says Biden wants to turn students into 'social justice warriors'EXCLUSIVE — Oklahoma Superintendent of Public Instruction Ryan Walters accused the Biden administration of stifling education success and pushing liberal propaganda.
Read more »
Biden’s 2024 campaign plans aggressive social media misinfo fightWith social-media platforms pulling back from policing false political claims, and Trump gearing up for a fight, Biden’s 2024 campaign is rebooting its online defenses.
Read more »
Biden 2024 campaign launching sweeping effort to thwart 'misinformation' on social mediaPresident Joe Biden's campaign is aiming to fight alleged 'misinformation' on social media during the 2024 presidential race, all while Republicans raise heightened censorship concerns over how Democrats have coordinated with platforms on content moderation.
Read more »
‘He boxed Biden in’: Dems fear Trump is outfoxing Biden on the auto worker strikeDonald Trump’s decision to head to Detroit for a speech next week is setting off alarms among some Joe Biden allies.
Read more »
Kudlow Declares ‘Marlow Is Right’ About Joe Biden Days Ahead of ‘Breaking Biden’ ReleaseFox Business host Larry Kudlow agreed with Breitbart Editor-in-Chief Alex Marlow’s recent editorial about his forthcoming book 'Breaking Biden.'
Read more »
Poll: Majority of Voters Say Joe Biden Committed Crime with Hunter BidenA majority of voters believe President Joe Biden committed a crime with Hunter Biden, a Yahoo/YouGov survey released Wednesday found.
Read more »