by Jonathan Todd
We are living a year of destiny. Lives of Armageddon or awesome await today’s children. With their fates determined by 2024’s decisions, as I wrote at the end of last year.
There have been positives so far. Narendra Modi denied an outright majority in India. Jordan Bardella not being France’s prime minister. Keir Starmer becoming our prime minister.
There have also been successes away from the ballot box. Months of congressional gridlock were broken in April to unlock a foreign aid package from the United States government that included over $60bn to replenish Ukraine’s military.
“If [Vladimir] Putin triumphs in Ukraine, the next move of Russian forces could very well be a direct attack on a NATO ally,” President Biden said when signing this legislation. “We’d have no choice but to come to their aid.”
President Biden has enjoyed many other successes. For example, during his presidency, the build out of utility-scale solar in Texas (famous for Big Oil) has overtaken the installed capacity in California (famous for climate concern). Biden’s IRA (Inflation Reduction Act) has put America on a trajectory to achieve a low carbon share of electricity generation of 70-80 percent by 2035 – compared to 50-55 percent without the IRA.
These encouraging statistics come from Adam Tooze. Who concludes, however, “a key test of Biden-era climate and industrial policy will be whether it can untie the local political economy of fossil fuels, which, across many regions of the United States still stands in the way of a green energy transition that now has all the force of economics and technological advantage on its side”.
Biden deserves immense credit for winning the presidency in 2020 and for what he has achieved from the White House, including NATO’s resourcing of Ukraine and an acceleration of America’s green energy revolution.