First, according to CNN – White House economists, clean energy transfers will reduce consumer spending

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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.”

Posted by Beden, he is trying to persuade two moderate Democrats, West Virginia’s Joe Manchin and Arizona Cinema Cinema, to support his $ 3.5 trillion budget. The president met separately with the two senators at the White House on Wednesday. Manchini said he was concerned about the bill’s climate regulations, and wrote that he opposed the bill for fear of causing inflation and passing it on to future generations.

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.

They refer to Democrats’ net energy tax credits and a clean electricity program, the second of which provides federal support for utilities that increase the amount of clean energy in their portfolios and charge for non-energy. When utilities are converted from fossil fuels to clean sources, the clean electricity program will reduce electricity costs for consumers, he said.

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.

The three economists also write in the BDEN budget that it will help consumers buy energy-efficient appliances, and electric vehicle tax credits and investments at electric charging stations. Between 2009 and 2015, 29 new or updated equipment standards are expected to save $ 480 billion by consumers between 2009 and 2030, according to Energy Department analysis.

“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.

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