.HayesBrown: Congress has spent months trying to cobble together a spending package that tackles the majority of President Biden’s Build Back Better agenda. Too often, focus on the package has been on the $3.5T price tag. Here's what's at play (1/6)
: When it comes to reducing carbon emissions in the U.S., climate advocates and experts consider the Clean Electricity Payment Program the crown jewel of the legislative package.
“If that came to pass, it would easily be the biggest thing Congress has ever done on climate,” said John Larsen, a director at the Rhodium Group, an energy research and consulting firm. In a recent study, Mr. Larsen found that the biggest climate provisions would only get the United States halfway to Mr. Biden’s emission pledge. But, he said, “getting halfway there in just one bill would be huge.
No other country has added to the crisis more than the U.S., and it’s up to America to lead the way in reversing it. “Utilities are not struggling to find banks or other lending institutions to loan them money to build out clean power,” Sen. Tina Smith, D-Minn., this month. “What they are working hard to do is to add clean power at a fast rate, the rate that we need in order to meet our climate goals, without having utility rates go up for their customers.”
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