In March 2021 President Biden announced a $2 trillion plan to improve the nation's infrastructure and to shift to greener energy over the next 8 years. The infrastructure plan is part one of a two part propsoal to help the United State's economy recover from the COVID-19 pandemic, with the second part focusing on the "care economy" which will include investments in education and child care. President Biden plans on paying for a portion of this plan by raising corporate taxes. Below are some highlights of the plan that relate to energy systems:
Biden would spend $621 billion on roads, bridges, public transit, rail, ports, waterways, airports and electric vehicles in service of improving air quality, reducing congestion and limiting greenhouse gas emissions. Biden would also invest $85 billion to modernize existing transit and help agencies expand their systems to meet demand. This would double federal funding for public transit.
Under his plan, $50 billion of the money would be invested in semiconductor manufacturing and another $30 billion would go towards medical manufacturing to help shore up the nation's ability to respond to a future outbreak. Some of the funds would be carved out for manufacturers that focus on clean energy, rural communities, and programs that give small businesses access to credit. About $20 billion would be used to create regional innovation hubs that would support community-led projects. Biden is asking Congress to include $46 billion that would be used to make federal purchases of things like electric cars, charging ports, and electric heat pumps for housing and commercial buildings that would boost the clean energy industry.
The plan would invest $213 billion toward building, renovating and retrofitting more than two million homes and housing units. Biden is calling on Congress to produce, preserve and retrofit more than a million aordable and energy ecient housing units. The plan would also build and rehabilitate more than 500,000 homes for low- and middle-income homebuyers. The proposal would eliminate exclusionary zoning laws, which the White House says inflates housing and construction costs. Biden is calling on Congress to enact a new grant program that awards flexible funding to jurisdictions that take steps to eliminate barriers to creating aordable housing. Homes would be upgraded though block grant programs, extending and expanding home and commercial eciency tax credits and through the Weatherization Assistance Program.
Biden is calling on Congress to invest $180 billion to advance US leadership in critical technologies, upgrade the US's research infrastructure and establish the US as a leader in climate science, innovation and research and development.
Biden's plan allocates $111 billion to rebuild the country's water infrastructure. It would replace all of the nation's lead pipes and service lines in order to improve the health of American children and communities of color. The White House says replacing the pipes would reduce lead exposure in 400,000 schools and childcare facilities. The proposal would upgrade the country's drinking water, wastewater and stormwater systems, tackle new contaminants and support clean water infrastructure in rural parts of the country,
Biden wants to invest $100 billion in order to give every American access to aordable, reliable and high-speed broadband. The proposal would build a high-speed broadband infrastructure in order to reach 100% coverage across the nation. The plan would aim to promote transparency and competition among internet providers. Biden says he is committed to working with Congress to reduce the cost of broadband internet and increase its adoption in both rural and urban areas.
Tami Luhby, Katie Lobosco, Kate Sullivan and CNN, "Here's what's in Biden's infrastructure proposal", contributed by Morgan Sarao, The Energy Rights Project, Platform for Experimental Collaborative Ethnography, last modified 5 April 2021, accessed 16 August 2022. https://energyrights.info/content/heres-whats-bidens-infrastructure-proposal