Bipartisan House Plan Takes Crack At Combating Climate Change

Sept. 16, 2020, 11:16 PM

A House bipartisan proposal expected this week aims to invest significantly in clean energy infrastructure, technology, and tax incentives to reduce greenhouse gas emissions over the next 30 years.

The discussion draft, obtained by Bloomberg Government, would create a clean electricity standard for the power sector to reduce carbon dioxide emissions by 80% by 2050. The measure also calls for expanded resources for technology for carbon capture, use and storage, and would establish a revamped regulatory framework to modernize the energy grid.

Reps. David McKinley (R-W.Va.) and Kurt Schrader (D-Ore.), who have been working on the legislation for months, ...

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