With his in danger, the Biden administration has announced a series of news executive actions to accelerate the United States’ transition to a clean electricity grid. On Wednesday, the White House announced it would allocate billions of dollars to projects that will lead to the construction of more wind, solar and geothermal power across the country.
Specifically, the administration announced that it is moving forward with leasing six commercial areas off the coasts of New York and New Jersey to use in wind farm projects. Over 488,000 acres of seabed are offered to successful bidders to build approximately 5.6 and 7 gigawatts of clean power generation. As part of the bidding process, the White House said it would push attendees to support jobs and source turbine components from U.S. manufacturers. The development of New York Bight is one of the main pillars of the Biden administration’s construction plan.
Another important facet of today’s announcement is the “Building a Better Network” initiative. Leverage the $ 65 billion Congress set aside for power grid upgrades when President Biden’s decision is passed , the initiative is allocating $ 2.5 billion to finance the installation of new transmission lines. It is spending an additional $ 3 billion to expand the smart grid investment grant program, which supports projects that increase the capacity and flexibility of existing power infrastructure.
The administration notes that it will also allocate $ 10 billion in grants to states, tribes and utility companies to help these groups strengthen their local transmission lines. Together, the investments will help modernize the country’s electricity grid, making it easier to transport renewable energy from remote production sites to where it is needed most. It will also harden the power grid against what has become more common as the effects of climate change have worsened.
Today’s announcement sees the White House proposing meaningful climate policy, but if the Biden administration is to have any chance of achieving the president’s ambitious goal of , it will have to bypass the legislative impasse that left the in limbo. Much will depend on the White House’s ability to convince West Virginia Senator Joe Manchin to support the climate bill and social spending of around $ 1.75 trillion.
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