White House Economic Advisory Council member Heather Bush and Council economists Noah Kaufman and R. Daniel Breller on Binden’s budget include climate and clean energy and bilateral infrastructure accounting, which will increase energy efficiency, reduce electricity costs and save consumers from high costs. ”
The economist fears: “President Biden’s Bipartisan Infrastructure Agreement and the later development of a better agenda will create better wages, create unions, create a more equitable economy, and reduce carbon emissions.” “Carbon emissions are included in the prices of many goods and services purchased by ordinary American consumers, such as food, housing and transportation.”
In a blog post, White House economists write that the costs of not responding to climate change under Biden law will be high.
“Our inability to tackle climate change together will continue to increase spending on household budgets over the next decade,” said Bush, Kaufman and Breller. “Over the past five years, the United States has spent about $ 120 billion a year on extreme weather and climate change, and as the planet continues to shrink, it is preparing to accelerate.
Economists write that direct subsidies for energy producers could limit energy costs for consumers and accelerate the transition to a carbon-neutral economy. In terms of consumer prices, this is one of the best ways to reduce emissions, such as regulations that prohibit or restrict carbon-based energy transfers to consumers.
“Targeted federal funding, such as a reduction in consumer redevelopment, can help US households use less energy, reduce energy bills in the process, and stimulate investments that bring net benefits to the country,” economists write.