The COโe reduction estimate comes from the Rhodium group's new reduction estimate
My analysis use the average difference between their current policy and Inflation Reduction Act (IRA). This goes from zero in 2022 to 511Mt COโe in 2030.
rhg.com/research/inflaโฆ The $369 billion only goes to 2030 (still unclear, but not further)
Low estimate assumes IRA only causes reductions for 2022-30 (underestimate)
High estimate assumes IRA continues 511MtCOโe reductions every year from 2031-2100 (big overestimate)
democrats.senate.gov/imo/media/doc/โฆ Baseline is RCP4.5, as used e.g. by UNFCCC here
unfccc.int/news/cop26-updโฆ
Biden quote "the most significant legislation in history to tackle the climate crisis"
whitehouse.gov/briefing-room/โฆ
UN Climate model,
live.magicc.org Why is media not demanding to see the actual climate impact of spending $369 billion
The UN's own climate model shows that the impact will be impossible to detect by mid-century
and still unnoticeable even in the best case by the year 2100
Shouldn't we hear that?
refs in
Impact of new climate legislation (ยฐC)
Unnoticeable: 0.0005ยฐC to 0.016ยฐC in 2100
Why is no media describing just ๐ต๐ผ๐ ๐น๐ถ๐๐๐น๐ฒ $369 billion will achieve?
Instead, we're being told:
"the most significant legislation in history to tackle the climate crisis" (Biden)
Notice, as Roger Pielke points out, that so far the groups analyzing the legislation have all said it will reduce emissions, but not actually showed *how* this will happen... problematic
twitter.com/RogerPielkeJr/โฆ