We’re Out of Time
There’s a hard, nonnegotiable limit on the carbon pollution humans can emit into the atmosphere, past which climate change will become irreversibly catastrophic. The Paris Agreement set a global aspiration to keep warming well below 2° Celsius, with a target of 1.5°C. If atmospheric greenhouse gas levels venture much higher than today’s levels, we risk runaway climate change—and a nearly inconceivable future. Sea level rise could swamp entire coastal cities; year-round heat waves will render parts of the globe uninhabitable; droughts will deplete aquifers and desertify farmland, threatening the lives of millions and driving millions more to migrate across borders in search of a safer climate.
Scientists have identified how much additional carbon we can afford to pump into the atmosphere if we are to meet the Paris targets, known as the “carbon budget”, and projected the timelines on which we need to reduce and eliminate carbon pollution. At current emission rates, the world will exhaust the budget by the end of this decade, and spiral past the 1.5°C target. The U.S. is rapidly burning through what little budget remains, with a carbon pollution surge in 2021. Without serious intervention—in the form of BBBA’s climate investments paired with ambitious executive action—Democrats will all but guarantee a dramatically warmer world, and escalating climate disaster for generations to come.
Further delay is not an option. This is our last best chance to tackle the climate crisis before it’s too late. BBBA’s climate investments, paired with executive action, are our final opportunity to avert climate catastrophe.
>> Related: Why We Can’t Afford Not to Pass the Climate Investments in Build Back Better <<
This is Our Moment
Chuck Schumer and Senate Democrats still have a chance to take action, even as the window of opportunity rapidly closes. Build Back Better’s $555 billion in climate spending would be transformative in the fight to mitigate climate change. Those dollars are spread across four buckets: clean energy tax credits ($320b), resilience ($105b), manufacturing and supply chain incentives ($110b), and clean energy procurement ($20b). Taken together, they constitute an unprecedented economy-wide investment in deploying clean energy, building resilient communities, and igniting American clean technology development and manufacturing.
Those investments would also create jobs in growing industries. Wind turbine technicians and solar panel installers are two of the five fastest-growing occupations in America, and the transformative climate spending in the Build Back Better Act would accelerate that trend. Just a few of the clean energy tax credits included in the package would together create 1.2 million jobs, and the Civilian Climate Corps alone would create 300,000 more.