The idea both nationally and internationally is to direct the money saved on fossil fuel production toward clean energy, with a focus in Biden’s executive order on moving U.S. government operations toward clean energy, fueled by sources like wind and solar, by 2030. The federal government will “lead by example” until the country’s entire economy is carbon neutral 20 years later.
The order “doesn’t tell the private sector entities what to do, but to some extent it will demand a certain kind of good and service so companies can shift what’s being made,” Sarah Bloom Raskin, a Duke University law professor who served as treasury deputy secretary under President Barack Obama, toldWith the U.S.
This translates into a plan that includes buying only electric cars for the federal fleet; instituting what Biden calls a “Buy Clean” policy that would promote the use of construction materials made and transported with low emissions; and ensuring that federal buildings are upgraded to run on clean energy.
“The actions and investment required to achieve these goals will protect the environment, drive innovation, spur private sector investment, improve public infrastructure, and create new economic opportunity,”But as with everything in the country, big government changes are both dependent on economics, and politics. There is a weighty financial cost attached to all these plans, and unclear funding paths.
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