The climate and tax deal announced by Senate Democrats on Wednesday would pump hundreds of billions of dollars into programs designed to speed the country’s transition away from an economy based largely on fossil fuels and toward cleaner energy sources. The $369 billion climate and tax bill would affect every aspect of U.S. energy production, with incentives for producers and consumers to move away from fossil fuels.
Tax credits for zero-carbon power plants
Incentives for electric vehicles
Help for people to lower energy costs
Investments in domestic manufacturing
Cracking down on methane
Investments in low-income communities
Agriculture and forests
By Elena Shao. New York Times. July 28, 2022.