Biden Sets 2050 Net-Zero Target For The Federal Government

President Biden has signed an executive order seeking to make the federal government—and the U.S. economy as a whole—climate neutral by 2050 by supporting low-carbon electricity and EVs, as well as encouraging the use of low-carbon products such as construction materials. To this end, the government will spend some $650 billion annually on replacing ICE cars in its fleet with electric vehicles and boosting the energy efficiency of its 300,000 buildings. “The Federal Government faces broad exposure to the mounting risks and costs…