- Planet Possible
What if the world’s biggest customer went green? The U.S. government wants to find out.
The U.S. government can fight climate change by shifting the way it spends its multi-billion-dollar budget.
Every year the federal government spends more than $500 billion purchasing goods and services to support its operations. That’s roughly the size of Sweden’s economy, and it makes the United States government the single biggest consumer in the world.
In his January 27 executive order aimed at tackling the climate crisis, President Joe Biden encouraged federal agencies to become more environmentally conscious consumers. Experts say making government “purchasing power” greener can act as a catalyst for sustainable businesses, giving climate-conscious producers consistent demand from a powerful customer.
When the federal government spends money strategically, it can act as a powerful market leader, driving change across entire industries. Such purchasing power largely plays out in the form of