An unexpected deal reached by Senate Democrats would be the most ambitious action ever taken by the U.S. to address global warming and could help President Biden come close to meeting his pledge to cut greenhouse gas emissions in half by 2030.
But approval of the bill is far from certain in a 50-50 Senate where support from every Democrat will be needed to overcome unanimous Republican opposition. Sen. Kyrsten Sinema, D-Ariz., who forced changes in earlier versions of the plan, declined to reveal her stance Thursday.
Tiernan Sittenfeld, senior vice president of the League of Conservation Voters, summed up her reaction in a single word: “Wow!”Manchin, who chairs the Senate energy panel, insisted that he had not changed his mind after he toldtwo weeks ago that he could not support the bill because of inflation concerns.
Besides investments in renewable energy like wind and solar power, the bill includes incentives for consumers to buy energy efficient appliances such as heat pumps and water heaters, electric vehicles and rooftop solar panels. The bill creates a $4,000 tax credit for purchases of usedThe tax credit includes income limits for buyers and caps on sticker prices of new EVs — $80,000 for pickups, SUVs and vans and $55,000 for smaller vehicles. A $25,000 limit would be set on used vehicles.
The bill would set a fee on excess methane emissions by oil and gas producers, while offering up to $850 million in grants to industry to monitor and reduce methane.
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