Full Title: Why the BID is a BIG Down Payment on Clean Energy
Author(s): Ryan Fitzpatrick, Carly Berke, Alan Ahn, Josh Freed, Ellen Hughes-Cromwick, Dr. Rudra V. Kapila, Alexander Laska, John Milko, Nicholas Montoni, Lindsey Walter
Publisher(s): Third Way
Publication Date: August 2, 2021
Full Text: Download Resource
Members of Congress from both sides of the aisle have been negotiating a “bipartisan infrastructure deal” (BID) for the past several months. And on August 1, the Senate finally released the text of a $1.2 trillion bipartisan infrastructure package that will make a historic investment in our nation’s “hard” infrastructure.
The BID, now formally known as the Infrastructure Investment and Jobs Act, still has a long road to travel before it reaches President Biden’s desk. But this agreement is a momentous first step and a testament to the leadership of President Biden and the Democratic Caucus. And although we still have work to do in subsequent legislation like a budget reconciliation bill, the BID represents a major down payment on the clean energy infrastructure we need to mitigate the effects of climate change, deploy new clean energy technologies, build more resilient and sustainable infrastructure, and uplift underserved communities. It’s a significant investment in the American workforce, and it will bring the US closer to President Biden’s promise to Build Back Better by putting millions of Americans to work in a clean, competitive, and equitable economy.
Below are several prime examples of how the Bipartisan Infrastructure Deal invests in our clean energy future.