Biden Is Still Lacking the Crucial Climate Deal He Wanted Before COP26
- Democrats seek breakthrough on $555 billion climate spending
- Details would still be unresolved before high-stakes UN summit
President Joe Biden
Photographer: Stephanie Keith/BloombergThis article is for subscribers only.
President Joe Biden was counting on sweeping climate legislation to prove the U.S. commitment to the fight against global warming, but even his allies are conceding the most he will have is a framework subject to further negotiations as world leaders gather for a summit on the topic this weekend.
Though the emerging deal would be significant -- with a price tag in the hundreds of billions of dollars -- it’s far from a final product that would bolster U.S. credibility damaged by former President Donald Trump’s withdrawal from the Paris Agreement and rollback of domestic policies to cut emissions.