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Energy Department Says Biden’s Climate Pledge Would Cost $10 Trillion THIS DECADE

View Source | May 11, 2023 7:53 pm

  • The Department of Energy official said President Joe Biden’s pledge to cut emission in half this decade would cost $10 trillion.
  • That’s the estimate of Jigar Shah, who is the director of DOE’s Loan Program Office, which dishes out money to companies working on new energy technologies.
  • Under the misnamed Inflation Reduction Act, Shah’s budget ballooned from $40 billion to $400 billion. Shah said the private sector would have to foot the bill for roughly 90% of the $10 trillion.

 

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