Login | Join Member | Subscription | Corporate Partnership

US Senate passes bill with $369 billion in energy, climate spending

EN
Add to Favorites

Senate  Democrats on Sunday delivered President Joe Biden a major victory in the fight against climate change, passing a bill that will direct hundreds of billions of dollars into clean energy sources and accelerate the United States' move away from fossil fuels.

The Inflation Reduction Act passed on a 51-50 party-line vote, with Vice President Kamala Harris breaking the tie.

The bill includes a $369 billion clean energy and climate package to speed up emission reductions and put the nation on a path to cut greenhouse gas emissions by 40% below 2005 levels by 2030, helping US move close to the target Biden set under the Paris Climate Agreement to reduce that pollution by at least half by that time.

Don't fall behind the market
Carbon prices, CBAM rules and energy policy shift weekly. Subscribe to unlock this article and all of RECCESSARY's market intelligence.
MONTHLY
US$9.90 /mo
Full flexibility — cancel anytime
Subscribe monthly
BEST VALUE · SAVE US$19.80
ANNUAL
US$8.25 /mo US$9.90
US$99 billed annually · 2 months free
Start your 14-day free trial
Unlimited article access Green power & carbon price data Members-only newsletter Report downloads
New readers enjoy a 14-day free trial · Already a member?
Related Topics
India legislators approve energy conservation bill
Voluntary carbon market worth $2 billion now
Back

More Related News

TOP
Download request

Please fill out the form to download samples.

Name
Company
Job title
Company email
By using this site, you agree with our use of cookies.