TAKING STOCK OF WHERE THE CLIMATE SPENDING IS TARGETED: Energy and environmental policies enacted by the Biden administration aren’t targeting resources towards areas that may need it the most, a new analysis shows – undermining the effectiveness of the largest climate spending programs in history.
Resources for the Future, a nonpartisan think tank, evaluated the reach of four major environmental programs enacted under the Inflation Reduction Act and an executive order. The “place-based” policies were billed as targeting clean energy spending into poor areas.
The key line here: “Because resources are limited, making so much of the nation eligible for these programs means that the benefits of the policies will be spread a mile wide and an inch deep.”
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