<p>President Joe Biden&#8217;s <a href="https://www.dailywire.com/news/aoc-wants-credit-for-bidens-green-energy-agenda-let-her-have-it" target="_blank" rel="noopener">green energy boondoggle</a> keeps getting bigger by the hundreds of billions of dollars, according to a new study.</p>
<p>On Friday, Just The News <a href="https://justthenews.com/politics-policy/energy/bidens-green-agenda-cost-least-600-billion-more-projected-analysis-says" target="_blank" rel="noopener">reported</a> that a new University of Pennsylvania Wharton School of Business model predicts that the cost of Biden&#8217;s oft-touted climate change bill — the <a href="https://www.dailywire.com/news/hey-neat-spend-1000-on-green-energy-and-the-feds-will-give-you-a-300-tax-credit-to-reduce-inflation-thanks-biden" target="_blank" rel="noopener">Inflation Reduction Act</a> — will now cost the U.S. taxpayers more than $1 trillion.</p>
<p>&#8220;The 2022 Inflation Reduction Act (IRA) contained a range of climate and energy provisions that <a class="link" href="https://budgetmodel.wharton.upenn.edu/issues/2022/8/12/senate-passed-inflation-reduction-act" target="_blank" rel="noopener">PWBM previously estimated</a> to cost $384.9 billion over 10 years,&#8221; Penn <a href="https://budgetmodel.wharton.upenn.edu/estimates/2023/4/27/update-cost-climate-and-energy-inflation-reduction-act" target="_blank" rel="noopener">said</a> in a press release. &#8220;Since that estimate, newer implementation details have emerged, and the fiscal year calendar has moved to start at FY2023. Our updated estimate for over 10 years (FY2023 – 2032) for just the climate and energy provisions is now $1,045 billion.&#8221;</p>
<p>Much of that comes from subsidizing the &#8220;<a href="https://www.dailywire.com/news/shocker-new-york-would-ban-gas-stoves-in-new-buildings-under-potential-budget-deal" target="_blank" rel="noopener">electrification of everything</a>,&#8221; as some have called it. Here&#8217;s exactly what that money will be going toward over the next 10 years:</p>
<ul>
<li><em>Clean electricity/energy ($263 billion)</em></li>
<li><em>Clean Hydrogen ($49 billion)</em></li>
<li><em>Carbon Capture, Utilization and Storage ($23 billion)</em></li>
<li><em>Advanced Manufacturing ($183 billion)</em></li>
<li><em>Clean vehicles ($393 billion)</em></li>
<li><em>Biofuels ($43 billion)</em></li>
<li><em>Energy efficiency ($28 billion)</em></li>
<li><em>Agriculture and forestry ($3 billion)</em></li>
<li><em>Energy grants and loans ($37 billion)</em></li>
<li><em>Air pollution ($22 billion)</em></li>
</ul>
<p>Who will be in charge of doling that money out? Democratic lackey John Podesta. Will Podesta make sure that all of that money goes toward American companies? It doesn&#8217;t look likely. In March, he said that Chinese companies will have a big part to play in America&#8217;s energy future.</p>
<p>Even Senator Joe Manchin (D-WV) took issue with Podesta over the comments.</p>
<p>&#8220;It is beyond irresponsible for someone speaking on behalf of the White House to not only condone but also advocate for sending American tax dollars to Chinese companies,&#8221; Manchin told Fox News. &#8220;That is not consistent with either the IRA or the CHIPS + Science Act, which had widespread bipartisan support due to concerns about Chinese supply chains.&#8221;</p>
<p>That Podesta would want to funnel U.S. tax dollars overseas to the Chinese Communist Party shouldn&#8217;t come as much of a surprise. Podesta is good friends with at least one CCP official, Fox News also <a href="https://www.foxnews.com/politics/bidens-new-clean-energy-czar-highest-regard-ccp-official-called-friend" target="_blank" rel="noopener">reported</a> in September 2022.</p>
<p>Other Democratic allies are lining up to make sure they take advantage of the government spending over the next decade. Twice-failed gubernatorial candidate Stacey Abrams is <a href="https://www.dailywire.com/news/stacey-abrams-now-throwing-her-weight-around-with-group-advocating-gas-stove-regulations" target="_blank" rel="noopener">now working with Rewiring America</a>, a group that advocates the heavy regulation of gas stoves, arguing instead for electric appliances.</p>
<p>The founders of Rewiring America — Alex Laskey, Saul Griffith, and Ari Matusiak — have made significant money off government funding in the green energy sphere while advocating for policies that benefit their bottom dollar via the non-profit group.</p>
<p>“It’s a shocking amount of money that they’re hauling in with this scheme of theirs,” Tom Pyle, the president of the Institute for Energy Research, <a href="https://www.dailywire.com/news/stacey-abrams-now-throwing-her-weight-around-with-group-advocating-gas-stove-regulations" target="_blank" rel="noopener">told</a> Fox News. “I call it Big Green Inc. It is literally a business for these guys and they cloak themselves in the mantra of trying to save the planet. But, really, this is just very sophisticated self-dealing.”</p>
<p>It appears that the scheme now has more than a trillion reasons to continue, thanks to the seemingly never-ending price increase of the Inflation Reduction Act.</p>
<p><em>The views expressed in this piece are the author’s own and do not necessarily represent those of The Daily Wire.</em></p>

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Biden’s Green Energy Boondoggle Keeps Getting Bigger