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President Biden Finalizes Virtual Two-Day Climate Summit

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CBS4's Natalie Brand reports on President Biden's virtual climate summit, as some Republicans see it as 'harmful' to the economy.

Video Transcript

- Turning now to the Biden presidency. President Joe Biden wraps up a virtual two day leaders climate summit being held to tackle the problem of climate change. The administration has been stressing the urgency of climate action, while some Republicans see the president's goals as harmful to the US economy. CBS 4's Natalie Brand reports from the White House.

NATALIE BRAND: President Biden is making a push for a green economy on day two of his climate summit with world leaders.

JOE BIDEN: When we invest in climate resilience and infrastructure we create opportunities for everyone.

NATALIE BRAND: Ahead of President Biden's remarks, the Department of Energy announced more than $100 million for new projects aimed at helping workers in hard hit coal and power plant communities.

JOE BIDEN: As we transition to a clean energy future, we must ensure that workers who have thrived in yesterday's and today's industries have as bright a tomorrow in the new industries.

NATALIE BRAND: But some Republicans have insisted those plans could harm communities that still depend on the fossil fuel industry, and also argue significant emissions reductions cannot occur without cooperation from the world's biggest polluters.

MITCH MCCONNELL: Democrats zeal for imposing costly environmental agendas on our own country is not something our biggest foreign competitors seem to share.

NATALIE BRAND: President Biden has signaled the US would work with adversaries like Russia to tackle the climate crisis.

JOE BIDEN: It makes overwhelming sense, as much as the president of Russia and I disagree, that two big nations can cooperate.

NATALIE BRAND: While some of the world's largest polluters, including Russia, China, and India participated in the summit and talked about goals, they did not set new specific reductions targets. President Biden committed the US to cutting its greenhouse gas emissions in half by 2030. Natalie Brand, CBS News, the White House.