WASHINGTON (Reuters) – The White House on Thursday unveiled the outlines of a $1.75 trillion spending package that it hopes will pass Congress, and it includes around $555 billion for climate change.
That spending plus the measures included in a separate $1 trillion infrastructure bill, would represent the biggest investment in climate action in U.S. history if it passes, even after several of the administration’s original proposals to fight global warming were killed in negotiations.
An analysis by the Rhodium Group found that provisions in these bills, along with exeutive actions, could slash greenhouse gas emissions by 45%-51% below 2005 levels by 2030, in striking distance of the U.S. pledge to slash emissions 50%-52% in this decade under the Paris climate agreement.
Agreement around the spending totals comes after weeks of squabbling between progressives and moderates within the Democratic Party that threaten to leave President Joe Biden empty handed when he arrives in Glasgow next week for the U.N. climate summit.
The following is a breakdown of the bill’s main climate change provisions:
(Reporting by Valerie Volcovici; Editing by Alistair Bell)
