Axios: Biden's climate plan includes half a trillion dollars

 The administration of US President Joe Biden told lawmakers the value of the package to combat climate change in its two trillion dollar social spending plan, Axios reported on Tuesday.

This package is likely to be worth more than $500 billion, two sources familiar with the matter told the site.

family: verdana;">This figure, which ranges between 500 and 555 billion dollars, is a huge number, according to "Axios", and if it is correct, it will represent the largest self-contained part of the comprehensive spending plan.

It is also not much less than the total $600 billion package proposed for the climate dossier, when the total value of the social spending plan was projected at $3.5 trillion.

The half-trillion-dollar allocation underscores Democrats' commitment to mitigating climate change, a key feature of Biden's plan to run for president in the 2020 election.

During his election campaign, Biden outlined an ambitious plan, which includes spending two trillion dollars over four years, to invest in clean energy infrastructure, while pledging to reduce carbon emissions to zero in 15 years.

In addition to the goal of reducing carbon emissions, Biden stressed that his climate plan will give a much-needed boost to the American economy that has been wracked by the Corona pandemic, and will eventually create millions of new jobs in the clean energy sector.

For his part, Democratic Senator Brian Schatz (from Hawaii), one of the main participants in the Senate climate debates, confirmed to "Axios" that the plan would cost at least $500 billion, noting that it would be "the largest bill of its kind in human history." ...at least half a trillion dollars," as he put it.

Next week, in Glasgow, Scotland, the United Nations climate conference, in which Biden will participate, will be held.

The US President warned, weeks ago, during a tour to inspect the damage caused by Hurricane "Ida" in the neighborhoods of New York and New Jersey, of the "existential" threat of climate change, and said that recent events underscore the importance of passing his plan to repair infrastructure.

The US president said that "the nation and the world are in danger" because of climate change, adding, "This is not an exaggeration. This is the truth."

Biden considered that "the evidence is clear. Climate change poses an existential threat to our lives and our economy."