Friday, 29 Nov 2024

Landmark US climate bill will do more harm than good, groups say

Landmark US climate bill will do more harm than good, groups say


Landmark US climate bill will do more harm than good, groups say
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The landmark climate legislation passed by the Senate after months of wrangling and weakening by fossil-fuel friendly Democrats will lead to more harm than good, according to frontline community groups who are calling on Joe Biden to declare a climate emergency.

It would be the first significant climate legislation to be passed in the US, which is historically responsible for more greenhouse gas emissions than any other country.

But the bill makes a slew of concessions to the fossil fuel industry, including mandating drilling and pipeline deals that will harm communities from Alaska to Appalachia and the Gulf coast and tie the US to planet-heating energy projects for decades to come.

The IRA, which includes new tax provisions to pay for the historic $739bn climate and healthcare spending package, has been touted as a huge victory for the Biden administration as the Democrats gear up for a tough ride in the midterm elections, when they face losing control of both houses of Congress.

The spending package will expedite expansion of the clean energy industry, and while it includes historic funds to tackle air pollution and help consumers go green through electric vehicle and household appliance subsidies, the vast majority of the funds will benefit corporations.

The IRA is a huge step towards creating a green capitalist industry that wrongly assumes the economic benefits will trickle down to low-income communities and households, added Su.

People vs Fossil Fuels, a national coalition of more than 1,200 organisations from all 50 states, recently delivered a petition with more than 500,000 signatures to the White House calling on Biden to declare a climate emergency, which would unlock new funds for urgently needed climate adaptation in hard-hit communities, and use executive actions to stop the expansion of fossil fuels.

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