Biden to unveil $600 million in additional climate spending

Article originally appeared on www.foxbusiness.com.


President Biden will announce plans to spend an additional $600 million on efforts to address climate change on Monday.

Biden will hold an event Monday in Palo Alto, California, touting his administration’s efforts to bolster defenses against rising sea levels and associated weather catastrophes.

The funding includes $575 million to reinforce coastal infrastructure and $67 million to protect California’s power grid from weather events.

“The funding will support innovative coastal resilience and adaptation solutions, such as building natural infrastructure, planning and preparing for community-led relocation, and protecting public access to coastal natural resources, that protect communities and ecosystems from sea level rise, tidal flooding, hurricanes, storm surge, among other severe climate impacts,” the Biden administration said in a public statement.

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