By David Callaway, Callaway Climate Insights
(Bill Sternberg is a veteran Washington journalist and former editorial page editor of USA Today.)
WASHINGTON, D.C. (Callaway Climate Insights) — Let’s start at the very beginning. What is Build Back Better?
Build Back Better (BBB) is the Biden administration’s plan to spend some $2 trillion over the next 10 years on social and climate programs. It should not be confused with, but often is confused with, the Bipartisan Infrastructure (BIF) bill, a $1 trillion public-works plan that was signed into law last month with support of members from both parties.
Why should climate investors care about BBB?
BBB contains $555 billion in climate-related spending and tax credits. If it passes, it would represent the most significant action on climate change ever taken by the United States government, and it would make a significant dent in America’s greenhouse gas emissions. That, to quote what Joe Biden said about the enactment of Obamacare, would be a BFD. . . .
To read this column, all our insights, news and in-depth interviews, please subscribe and support our great climate finance journalism.
Callaway Climate Insights Newsletter
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.