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Sunday, November 21, 2021 12:42:21 PM
The biggest sum of money in the bill is set aside for climate-related provisions, which the White House hopes will allow Biden to deliver on his goal to halve carbon emissions by 2030. The bulk of clean energy spending—$320 billion—comes in the form of tax credits for companies and consumers that install solar panels, improve the energy efficiency of buildings and purchase electric vehicles. The Biden Administration says the tax breaks could cut the overall cost of installing rooftop solar panels by around 30%, as well as lower the cost of electric vehicles by $12,500.
The bill also provides financial incentives for U.S. manufacturing of clean energy technologies, with the goal that more wind turbines and solar panels will be made domestically through a combination of grants, loans and tax credits. Spending also goes towards the creation of a Civilian Climate Corps that would provide some 300,000 jobs to restore forests and wetlands and guard against the effects of rising temperatures—similar to the New Deal-era Civilian Conservation Corps, which was championed at the time as an economic development and environmental plan, but criticized by organized labor groups.
https://www.yahoo.com/news/house-just-passed-biden-build-144809677.html
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