After U.S. news networks declared Joe Biden as the President-Elect, members of the National Mining Association (NMA) lost no time in acknowledging his victory. Lest the incoming POTUS is of the notion that operations of U.S. mining companies are opposed to his climate change plans, they also took the opportunity of giving the mining industry a nudge.
Even if the President-elect’s climate change plans will immediately ban coal mining toward elimination of fossil fuel use, the mining executives who spoke to the former Vice President gave reminders that they are also into mining metals.
Many of which are vital for the incoming administration’s green initiatives, such as the manufacture of purely electric vehicles (EV). They likewise underscored the fact that the country’s 600,000 miners supply products used to make bridges, cell phones, solar panels and a myriad of other consumer goods.
The NMA executives stated that metals such as copper and lithium are aligned with Biden’s goals of reducing energy consumption toward meeting the global climate goal of zero-carbon emissions. According to American Elements’ Chief Executive, Michael Silver, Biden has enormous potential in changing the spirit of mining in the country, because his climate change plans have great demands for other mineral extracts like lithium.
A Quick Overview of President-Elect Biden’s Climate Change Goals
Former Vice President Joe Biden’s election victory can be attributed in part to the $2 trillion budgeted climate plan he bared during his campaign runs. According to a Pew Research Center conducted after the Nov. 03 election, 42% of the voters responding to the survey gave indications that climate change was an important deciding factor on who they voted for as president.
The President-elect plans on adding new fuel economy standards in order to lessen the emissions of greenhouse gases coming from transport vehicles. The objective is to have only the latest light and medium duty electrically-powered vehicles running in the country. As for heavy vehicles, the process in following suit in the same direction, will take place progressively.
Additionally, the plan is for the government to include the giving of incentives in the use of electric vehicles. The funds for the incentives will form part of the spend of the yearly $500 billion purchasing power that will be allocated for the expansion of zero-emission automobiles and the use of renewable energy.
Furthermore, new appliance and building-efficiency standards will be initiated among consumers and federal government facilities as a way to ensure efficiency in energy use and in minimizing greenhouse gas emissions.
Stricter limits would also be implemented on methane pollution produced by the gas and oil companies operating in the country. That is something other players in the mining industry must take note of in aligning their operations with the President-elect’s climate change goals.