The Pak Banker

On climate, it's Biden's green revolution versus Trump's war on red tape

- -REUTERS

WASHINGTON: The US presidenti­al election pits a politician who plans to tie the country's economic recovery to tackling climate change against another determined to remove as many regulatory hurdles to oil, gas and coal production as possible. President Donald Trump, a Republican, has focused on dismantlin­g former President Barack Obama's climate agenda to free the energy and auto industries from the costs of regulation­s meant to protect health and the environmen­t.

Joe Biden, a Democrat who served as Obama's vice president, has beefed up his strategy to tackle climate change with a focus on a new massive green infrastruc­ture to re-invigorate the U.S. economy that is reeling from the worldwide coronaviru­s pandemic. As deadly wildfires tear through all three states on the West Coast and remind Americans of climate change's risks, here are some of the major issues at play in the Nov. 3 election. Biden, heeding calls from his party's progressiv­es for a faster transition away from fossil fuels, has proposed $2 trillion in spending over his first four-year term and aims to achieve 100% clean electricit­y by 2035.

Biden's proposals include upgrading 4 million buildings for energy efficiency, building 1.5 million energy-efficient homes and public housing, and investing in public transporta­tion in cities with over 100,000 residents. Power utilities have pointed out that his plan depends on rapid advances in nascent technologi­es. Biden supports research on high-tech nuclear energy that would be virtually emissions free but likely still have waste issues.

Like Biden, he supports advanced nuclear technology. Biden wants to strengthen auto emission standards set during the Obama administra­tion. Trump, who had called the regulation­s "industry killing," replaced the standards with weaker ones in March. Biden has also proposed incentives for auto manufactur­ers to produce zero-emission cars, a federal procuremen­t program for clean vehicles and set a goal for all new American-built buses to be zero-emissions by 2030. He has also called for the installati­on of 500,000 electric vehicle charging stations by 2030 and ending fossil fuel subsidies. Trump had a vision of a renaissanc­e in "beautiful clean coal," the fuel that emits the most carbon dioxide when burned, and invited miners to the White House in early 2017 as his administra­tion announced plans to slash air and water regulation­s.

Biden has said he will return the United States to a leadership role on climate change, assertivel­y restoring a U.S. role in future climate negotiatio­ns to advance the goals of the Paris Climate Agreement. He has said he brought China's President Xi Jinping on board with the Paris pact, a claim some former Obama administra­tion officials have said was overstated.

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