(Reuters) – U.S. Senate Democrats have struck a legislative deal that would divert nearly $370 billion to climate and energy security measures with the aim of slashing greenhouse gas emissions 40% by 2030 and curbing consumer energy costs at the same time.
The agreement represents a big compromise from the initial sweeping legislative ambitions by President Joe Biden’s administration for combating climate change, though the legislation was praised by environmental advocates as a crucial step forward.
Here are some of the key climate and energy provisions in the deal, which must pass in the Senate and House of Representatives before going to Biden to sign.
(Reporting by Timothy Gardner and Leah Douglas in Washington; Writing by Richard Valdmanis; Editing by Will Dunham)
