It may well be that the planet finally has a future. After a most pessimistic period, the United States Congress has, with President Joe Biden, brought about the most ambitious climate change legislation in the history of the country. [après le Sénat, le texte devrait être voté rapidement par la Chambre des représentants].
And because nearly all observers, including many Democrats, had given up any chance of getting anything done, this victory is all the sweeter. This misleadingly titled “Inflation Reduction Act” will also empower the federal government to negotiate lower prescription drug prices and more generously subsidize health care for millions of people. Americans.
These provisions are enough to set a milestone, but it is those relating to clean energies that really change the situation. After more than twenty years of effort and years later than we would have liked, Washington has finally decided to act against global warming. And as such, Joe Biden will have his place in the history books.
The carrot before the stick
Congress refused to pass a carbon tax – a step considered essential by most economists – but that should not obscure the impact of the bill. The political reality has imposed
The following is reserved for subscribers…
- Access all subscribed content
- Support independent writing
- Receive the Mail Alarm Clock every morning
Source of the article
Financial Times (London)Founded in 1888 as London Financial Guide, a four-page journal intended “to honest investors and respectable brokers”, the Financial Times is today the leading financial and economic daily newspaper in Europe. There is not a financial institution or bank worth its salt that does not receive a copy of this British newspaper instantly recognizable by its salmon-pink paper.
Bought by the Japanese group Nikkei in 2015, the “City newspaper” saw its number of subscribers to the paper edition gradually erode (155,000 in February 2020), but has more than 740,000 digital subscribers; 70% of its readership resides outside the UK.
More than 600 journalists from more than 40 countries contribute to the title.
Read more
Nos services