Bloomberg Law
Nov. 4, 2021, 10:00 AM

Multiple Climate Wins Baked Into Fluid Biden Plan, Greens Say

Dean Scott
Dean Scott

Environmental and climate advocates are praising some surprising gains in President Joe Biden’s latest $1.7 trillion Build Back Better package, which is taking some of the sting out of a scrapped carrot-and-stick plan to push coal and gas plants into retirement.

The wins—from big pots of climate resilience and environmental justice spending to an historic 10-year extension of clean energy incentives—would mark a profound shift for U.S. climate incentives and funding that were seen as unthinkable a year ago.

More than one-third of the $1.7 trillion is reserved for efforts to boost clean energy and combat climate change over the ...

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