After months of negotiations, the Democrats in the Senate produced a $369 billion climate agreement aimed at lowering the costs of producing wind turbines, solar panels, and batteries for EVs through tax incentives. If passed, this would be the largest investment in renewable energy in the history of the United States (4 times bigger than the last climate investment made by the US government in 2009) and help nudge the shift away from fossil fuels.
The United States is amongst the largest emitters of greenhouse gases in history. It was the only country to pull out of the 2015 Paris climate accord (even if briefly). This new agreement signals the country’s return to the climate fight and proposes to help the US meet its pledges under the Paris Climate Accord. Sarah Ladislaw, a managing director at RMI, a nonpartisan organization that’s pushing the country to transition to cleaner energy faster said, “from subsidizing manufacturing and construction, to mitigating pollution, to making green technology more affordable for consumers, it just has the full suite of things that you would want to see in a piece of energy legislation that takes seriously the transition that we need.”