The bill’s big tax incentives for low-carbon technologies could allow the country to cut its greenhouse gas emissions by about 40 percent below 2005 levels by the end of this decade.
Democrats in Congress look ready to pass new legislation with significant climate change elements that push the country closer to President Biden's goals.
If passed, the energy provisions of the senators’ new bill would represent the most significant climate action in a generation.
The REPEAT Project provides regular, timely, and independent environmental and economic evaluation of federal energy and climate policies as they’re proposed and enacted. Dive into the details for each of the policies analyzed by the project to date...
Passed by the U.S. House of Representatives on November 19, 2021, the Build Back Better Act (H.R. 5376) contains over $500 billion in tax credits, grants, rebates, and other policies to deploy clean electricity, electric vehicles, building electrification and efficiency, hydrogen, carbon capture and storage, and low-carbon transportation fuels. The bill also funds agricultural practices that could sequester carbon in soils, provides funding to fight wildfires and protect forests, and imposes a fee on upstream emissions of methane in oil and gas sectors. It remains stalled in the U.S. Senate at this time.
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