For 18 months now I have been banging on about how "net zero carbon" has gone 100% mainstream in business and banking, it having been declared that "adaptation" and "resilience" count as Green, plus - from the lefties - that the whole thing must include a "Just Transition", a.k.a Jobs Before Anything Else. Heck, that includes new roads, new dams, new irrigation systems, new sea-walls ... even the most traditional steel-'n'-concrete merchants get to play! And the Unions!
So now, let's take a look at Joe Biden's trillions.
The proposal would: put $621 billion into transportation infrastructure such as bridges, roads, public transit, ports, airports and electric vehicle development; direct $400 billion to care for elderly and disabled Americans; inject more than $300 billion into improving drinking-water infrastructure, expanding broadband access and upgrading electric grids; put more than $300 billion into building and retrofitting affordable housing, along with constructing and upgrading schools; invest $580 billion in American manufacturing, research and development and job training efforts
Yup: steel-'n'-concrete. There's a constant, plaintive strand of "but ... most of this post-covid growth-package stuff isn't properly Green ..." to be heard from various quarters: but it's rather drowned out by the sound of thundering hooves, both capitalist and workerist. Ain't that the way of the world?
Have a great Easter!