"At the heart of a budget bill is a powerful mechanism that would cut the country’s greenhouse gas emissions, which are fueling climate change."
"WASHINGTON — The coming weeks on Capitol Hill will be crucial to President Biden’s climate agenda, including whether the president can credibly make the case to the rest of the world that the United States will meet his promise to drastically reduce emissions that are warming the planet.
In Congress, details are emerging of the climate and clean energy policies in a sweeping $3.5 trillion budget package that Democrats are drafting and hope to send to Mr. Biden’s desk by year’s end.
As progressive Democrats and Mr. Biden envision it, the budget bill, which would include a historic expansion of social welfare programs, would also be the single largest piece of climate legislation to pass Congress.
The most powerful climate mechanism in that bill is a $150 billion incentive and penalty program designed to replace most of the nation’s coal- and gas-fired power plants over the next decade with wind, solar and nuclear plants. The program would pay electricity suppliers for increasing the amount of power they produce from clean zero-emissions sources, and fine those that don’t."
Coral Davenport reports for the New York Times September 9, 2021.
SEE ALSO:
"House Democrats Outline Plan For Transition To Clean Electricity" (The Hill)
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