Weekly Analysis

Climate Bill’s Heightened Uncertainty Places Biden GHG Targets In Limbo

January 10, 2022
The heightened uncertainty facing Democrats’ climate-heavy budget legislation is putting the attainment of the Biden administration’s greenhouse gas targets for 2030 in limbo, especially as new preliminary estimates show that United States GHG emissions rebounded as expected in 2021. The latest uncertainty stems from reports that Sen. Joe Manchin (D-WV), the leading Democratic holdout on the administration’s budget package, says he is no longer in active talks with administration officials and might not be willing to support a $1.8 trillion...

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