President Biden delivers remarks at the Bloomberg Global Business Forum — 09/24/2024
Summary
TLDRThe speaker, presumably President Biden, delivers a speech highlighting transformative economic and environmental policies, emphasizing the shift to clean energy and the creation of jobs. He discusses the importance of unity, investment in innovation, and the need for global cooperation to combat climate change. The speech conveys optimism about America's future and its role as a leader in addressing global challenges.
Transcripts
[Applause]
thank you thank you thank
you thank
you
I thank
you thank you thank you thank you if I
were smart I'd leave
now thank you all so very much Mr Mayor
Michael thank you you know I I word at
the presidential meas of freedom because
you've literally revolutionized our
economy it's not hyperbole you
transformed how we consume information
you challenge and solve the toughest
issues and thank you for hosting this
important for and thank all the Business
Leaders here today and thank my cabinet
members for their work as well well
Energy Secretary Jennifer grol is here
the EPA administrator Michael Reagan's
here you know four years ago Comm and I
inherited the worst pandemic in a
century the worst economic crisis since
the Great Depression I get a hold minute
here and tell you a little story when I
uh when I I sat in the Oval Office every
morning at 9:00 and then ended the day
with Barack for eight years and there
was only one there was only one portrait
of above the fireplace a portrait of
George Washington fairly small but a
beautiful portrait and so I when I
didn't realize at the time all the times
I've been in the oval that the incoming
president cannot go into the oval on the
20th until until after 4:00 and the
outgoing president has to leave by 10:
although the outgoing president never
showed up anyway
uh but so I asked my brother Jim who has
a better taste than I do
to uh pick what we needed for the to
pick what desk you want what rug you you
know the things you want in your office
and I said only wanted a couple things I
wanted to make sure I had the Resolute
desk and I wanted looking next to next
to the fireplace I wanted a a uh the
bust of Martin Luther King who was one
of my heroes as I was coming up as a
young civil rights guy and uh Bobby
Kennedy I great great my admiration for
John Kennedy but I can never picture him
at my kitchen table anyway so we're
stand I walk in and my brother showing
in I look up and there's this giant
portrait of Franklin
Roosevelt and and John meum was on the
on the speaker and I said why Franklin
Ros I admire him but why Franklin roosev
well no one's inherited an economy more
disarrayed than when Franklin rosev was
President I said isn't that
wonderful swear to God true story look
to the left was Abraham Lincoln I said
why Abraham Lincoln I admired the hell
out of Lincoln but why said the country
has never been as divided since the
Civil War said I'm the hell out of here
anyway but look A lot's changed A lot's
changed when he came to office the
climate and in crisis and one
existential threat that fa All Nations
Mayor Bloomberg Michael you've you've
convene leadership National and
international levels to lead the charge
and change the mindset
you know uh I just met with the
president of the UAE who was a massive
investor in clean energy around the
world that's what he wanted to talk to
me about I just hosted a three-day
conference at the quad in
Delaware the prime minister of India
Australia and Japan three of the fastest
growing economies in the world they
understand you can't remain dependent on
fossil fuels they need to lean the Clean
Energy Future I had a discussion with
the president of Kenya whom I hosted in
the state for state visit Kenya is also
a global leader in clean energy together
together we've launched the US Kenya
climate and clean energy and Industrial
partnership all this matters now I want
to Pivot to home here since I've been
president I've flown over more wild
fires unfortunat to God's truth in
helicopters from Arizona idah home all
the way to Montana and I more acreage
I've looked down I've seen more acreage
burned on the ground to to the ground
than the entire state of Maryland in
terms of the area just
wildfires they they I we I've toured the
community ravaged by tornadoes and
floods more than more that cost lives
and livelihoods it cost taxpayers and
billions of dollars in damage but when K
and I came to office there was no real
plan place to do anything about it as
the government we were doing nothing
virtually nothing we were determined not
only to deliver immediate economic
relief to the American people but to
transform our how our economy works in
the long term to write a new economic
Playbook to grow the economy from the
middle out in the bottom up instead of
the top down that way workers do well no
one's left behind and the wealthy still
do very well and leave no and Foster
Fair competition invest in all of
America and all Americans and I've been
pointing out when it comes to the
climate every time I talk about it
whether I was trying to convince labor
or business to come along I'd say I
think climate I think jobs I think jobs
and I mean it good union paying jobs in
fact I'm proud to kept my commitment to
bring unions and business to to The
Climate table that's what we're seeing
rather than climate conservation about
sacrifice conversation about sacrifice
are focused on doing less Comm and I
have pursued an ambitious climate policy
focused on growth and the public and
private sector LED lead all it you you
all of you in this we've LED building
our economic capacity together we've
proven the strong middle class thriving
Innovation and Manufacturing are the key
to winning climate here at home and
abroad here here are the key climate
pages from the new economic Playbook we
rejoined the Paris agreement immediately
after my predecessor had walked away we
got to work planning private Capital off
pulling private Capital off the
sidelines getting the workers in the
game and once again leading the world on
climate bringing jobs back home
manufacturing and Technology we invented
here in the United States decades ago
bringing it back we're bringing back
hope and pride in communities opening
shuttered factories and zip codes too
often left behind I might point out I
was criticized very much for having done
more to invest in red States than blue
States but I made a commitment that when
I ran I'd be president for all people
all people whether they voted for me or
not
and we're doing that in what I call
investing in America agenda I wrote and
signed the law the inflation reduction
act most significant climate law ever
passed in the history of the world we
were told it couldn't get done but we
did it more than $369 billion dollar in
climate and and clean energy a s not a
single Republican voted for but the the
inflation reduction act lowers energy
costs for families with rebates and tax
credits to install rooftop sold and
energy efficient appliances weatherizing
their windows and doors and high-tech
insulation and more efficient heating
and cooling systems and so much more and
you get a tax credit for doing it the
groundbreaking laws also catalyze clean
energy innovation in areas like Battery
Technology nuclear energy
geothermal that will create hundreds of
thousands of jobs for American workers
in fact along with other historic
investments in infrastructure and our
infrastructure bill was a trillion 300
billion in science and technology
private companies in the United States
and globally have announced Investments
of nearly $1 trillion doll in clean
energy manufacturing here in America in
the last three
[Applause]
years and you all are the leaders of
that you're the ones we're just getting
started in the face of the dangerous
deadly impacts of climate change we're
also making our cities and towns more
resilient this is a new formula on
climate creating jobs reducing pollution
cleaning up our water and air improving
our quality of life building a better
America for example once in a generation
modernization of our grid means this
year we'll add more new electric
capacity than we have in two decades and
96% of what that will be clean energy
I went to the University of Delaware and
a university Professor was the first
Professor the first solar powered
building inspired residential solar
adaptation more than 80% of the solar
panels and and components are
manufactured in China though but now
we're turning that around American Solar
pan manufacturing is up four times what
it was four years ago with more to come
America inherit invented the lithium ion
battery technology that's powering our
clean energy transformation including
electric vehicles in the grid but when
common L came to office America was
barely making any any of these batteries
all other countries are commercializing
them but not
anymore there more than 14 gigafactories
massive large scale factories up opening
were under construction and make
advanced batteries here in America and
more to come we're also making the
battery components here in America
making sure we the supply chain starts
in America and all this is helping Power
and Electric Revolution and
transportation we've quadrupled the
development of electric vehicles since
it took office we're deploying a fleet
of clean school buses that will not only
will not pollute the air our postal
service is going fully electric we've
invested $45 billion in electric trains
in America because if a person can
choose between a car and a train to get
to the destination at the same time
7 80% of that they will take the train
and it's 70 80% less pollution than
driving the same
distance and we now have tools to lower
emissions from building materials for
the first time ever we're beginning to
produce clean steel cement and aluminum
I think most Americans have no idea how
much pollution has occurred when you
when you make
cement well the American people know how
much pollution heavy Industries produce
since each one produces as much
pollution as a small
country we are now making most
significant investment ever in Rural
America 880,000 Farms Across America are
implementing climate smart agriculture
cover crops nutrient management storing
carbon in the soil which creates new
sources of wealth for Farmers families
and at the same time we're also carrying
out the most ambitious conservation
agenda in a long time we're on track to
conserve a commitment I made 30% of all
our lands and Waters by the year 2030
since taking office my Administration
has already conserved over 42 million
Acres inflation reduction Act is also
the most significant law ever advanced
in environmental justice for
disadvantage in so-called fence line
communities like cancer alley in
Louisiana or rout 9 Carter in Delaware
we're making sure these communities
receive 40% of the benefits and of the
key investments in pollution reduction
clean energy and infrastructure all all
this matters it matters a great deal
just under four years the economy has
created nearly 16 million jobs the most
ever in a single presidential term in
just two years since the inflation
reduction act we've created more than
330,000 clean energy
jobs I should say you've created You'
created that clean energy jobs are going
toward tce as fast in the econom as the
economy overall clean energy workers to
join Union is the highest level in
history and I'm really proud have
launched the American climate Corp
pattern after the Peace Corp and
American Corp to put tens of thousands
of young people on the path to good
paying clean energy jobs to improve our
environment and grow our economy and you
know the United States has reasserted
America's position as a global leader in
climate we're leading in all OD effort
to partner with Nations to reduce Global
emissions to limit global warming to
1.5°
C you all remember when Putin invaded
Ukraine which sent food and energy
prices soaring around the world and
showing just how volatile and fragile a
fossil fuel-based economy can be the
United States rallied the world against
Putin's aggression who've led the world
in releasing oil reserves and
stabilizing Global energy markets while
also working quickly as possible to
deploy clean energy
resources you know I conven Summit
leaders on climate and the American
leader Summit the African leader Summit
I should say and cop 28 United States
galvanized the world to commit for the
first time to transition away from
undebated fossil fuels across the board
America's climate leadership has
encouraged American companies to invest
in private capital for clean energy
development and to load to Middle inome
Nations and so much more I Thank The
Business Leaders are here today for
leading the way and I mean that all this
historic climate change is in stark
contrast to my
predecessor he says he'd repeal the
inflation reduction act he let our
Factory shut down he moved the world
backwards his denial of climate change
condemns our future generations to a
more dangerous world and by the way
windmills do not cause cancer
I think we've laid out a better choice
and today we're better position than any
other nation of the world to to promote
a clean energy future in fact it's a
perfect time to go big the market for
clean energy is booming inflation is way
down in America the Federal Reserve just
announced lowering interest rate and I I
predict they'll go f further down we
should give business even more
confidence to invest trillions of
dollars that are on the sidelines in the
clean energy industries of the future
I'm doing my part now I'm calling
another company comp with the capital in
the room to invest more and do more
Now's the Time let me close with this
four years though we've gone from
historic crisis to histo Historic
process progress and in doing it with a
new playbook based on one of the oldest
truths of our nation invest in America
believe in America believe in
possibilities and share it with the
world that's what I see if I could see
all of you when I look at all of
you I really mean this I know I only
look like I'm 40 years old but I'm a
little
older you know I've been doing this a
long time 51 years in elective office
and
uh it's hard to say it's hard to say but
I give my words Biden I'm never more
optimistic about America's future and
Michael let me go back to you your
initiative your commitment your vision
your dedication have literally changed
the
world and got a long way to encourage
the Americans to be convinced once again
we can do anything we just remember who
the hell we are we're the United States
of America there is nothing beyond our
capacity when we act together folks
as a student of History we're the only
nation in the world that's come out of
every major crisis we've entered
stronger than we went in every single
time every single
time this assembly in this room you're
the leaders not only in America you're
the world the rest of the world looks to
us it's not about my being president I
give you my word think about it if we
didn't lead who the hell leads who fills
the vacuum without America lead
that's who we are that's Our obligation
and that's our incredible
opportunity so folks I really am
optimistic I really mean it you listen I
didn't even go into all the things that
are going on in the rest of the world in
terms of how they want to transition
away from from fossil fuels want to use
peaceful nuclear technology a whole
range of things hydrogen so many things
are on the table and we can do this we
really can
and we owe it to our children and quite
frankly we owe it to lead the
world if my mom was here she' say Joey
end it
okay and I will so God bless you all may
God protect our troops thank you very
very much
[Music]
[Applause]
you
[Music]
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