This is not a hopeful moment for the fight against climate change.
Over the summer, when the world was beset by record-breaking heat waves, flooding and wildfires, and humankind could see firsthand the terrible toll of a warming planet, it seemed like there might finally be the political will, particularly in the U.S., to wean economies and communities off fossil fuels and slash carbon emissions.
President Joe Biden made climate change a centerpiece of his agenda, and the latest version of his "Build Back Better" bill includes $555 billion to help cut greenhouse gas emissions and speed up the transition to electric vehicles and renewable energy. If approved by Congress, it would be the biggest investment in climate spending in U.S. history and a major commitment from the world's largest economy.
Well, Sen. Joe Manchin dashed that hope on Dec. 18. The West Virginia Democrat, whose vote is essential in the evenly divided Senate, announced on "Fox News Sunday" that he would not vote for the Build Back Better bill as currently drafted. As a result of Manchin's opposition, the bill could be shrunk even more to appease him (it started out at $3.5 trillion) or scrapped altogether, in which case Congress will have failed, again, to take action to slow the existential threat of climate change.
Build Back Better is more than a climate bill. The $1.75 trillion plan includes money for universal preschool, an extended child tax credit, affordable housing and subsidies to help families pay for child care, health care and elder care. These are much-needed investments designed to address the prosperity gap and adapt the federal government to the needs of a 21st century.
But the potential demise of Biden's clean energy and technology spending plan is particularly galling. Climate change is a ticking time bomb. The world has already moved too slowly to stop global warming and the resulting increase in extreme and deadly weather events, a dire United Nations report warned in the summer. But with radical action to cut carbon emissions over the next decade, we can still prevent the worst devastation.
The U.S., as one of the nations responsible for the most emissions, bears a special responsibility to move quickly now to cut carbon. Biden's plan is an attempt to do that by offering tax credits and incentives to encourage companies and consumers to invest in clean energy and vehicles.
It's worth noting that an important piece of the president's climate agenda — a plan to reward companies that use clean energy sources and penalize those that don't — was yanked from the bill in the fall to keep Manchin on board. So much for that.