Biden's fiscal 2025 budget for the energy and climate sectors

Vyra Wu, DIGITIMES Asia, Taipei 0

Credit: AFP

US President Joe Biden has unveiled his 2025 fiscal budget to address pressing environmental challenges, emphasizing substantial investments in climate-related programs and clean energy initiatives.

A notable highlight is the provision of US$53 million to expand offshore wind permitting activities at the National Oceanic and Atmospheric Administration (NOAA). This represents a US$31 million increase from the 2023 level, underscoring the administration's push to accelerate the deployment of offshore energy resources. These funds will support NOAA's efforts to deploy 30 GWs of offshore energy by 2030, leveraging cutting-edge scientific research to ensure sustainable ocean co-use while safeguarding biodiversity.

In addition to supporting offshore wind initiatives, the budget allocates US$16 million for NOAA's Climate Adaptation Partnerships. This funding will facilitate collaborative efforts to enhance climate resilience in communities. Investments in NOAA's weather satellites, totaling US$2.1 billion, will bolster the nation's capabilities in predicting and mitigating the impacts of extreme weather events exacerbated by climate change.

Furthermore, the budget prioritizes protecting high-priority natural resources, including marine sanctuaries and protected areas. With US$86 million designated for NOAA's National Marine Sanctuaries and Marine Protected Areas, the administration aims to advance its America the Beautiful Initiative, which seeks to conserve at least 30 percent of US lands and waters by 2030. This funding will support critical conservation work and facilitate the designation of additional sanctuaries to safeguard biodiversity and ecosystem health.

Overall, Biden's 2025 fiscal budget reflects a comprehensive approach to addressing climate issues and promoting sustainable practices. These investments aim to drive the transition to a low-carbon economy while enhancing American competitiveness in the global clean energy market.