NEW REPORT: President Biden’s Budget Tackles the Climate Crisis and Other Long-Standing Environmental Challenges
WASHINGTON, D.C. – Today the House Budget Committee released a new report outlining how President Biden’s 2023 Budget uses a whole-of-government approach to tackle the climate crisis, support environmental justice, and improve Americans’ health and access to clean air and water.
The report shows how the investments in the President’s budget will increase our nation’s climate resilience, invest in clean energy projects and innovation, replace lead pipes and clean up environmental damage in our communities, and position America as a global leader on climate. Overall, the President’s budget provides $45 billion to combat the climate crisis — an increase of nearly 60 percent in climate funding compared to 2021 enacted levels.
“Climate change is already wreaking havoc in communities across America, and its impacts are becoming increasingly devastating — and costly — by the day,” said Chairman Yarmuth. “Wildfires, hurricanes, and other natural disasters could end up costing the federal government $2 trillion each year by the end of this century without more aggressive action to curb greenhouse gas emissions.”
“The Biden Budget recognizes this reality and meets the moment we are in with a historic increase in investments that will make our nation more resilient and restore our climate leadership on the world stage. This budget also addresses the disproportionately harmful impacts of the climate crisis on vulnerable communities and will ensure that all American families can drink clean water, breathe clean air, and live free from environmental harms.”
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