US Senate agrees on ‘transformative’ climate deal

The bill would would boost American manufacturing in everything from batteries to solar energy to electric vehicles

The nearly $370 billion in climate and energy security measures in the budget reconciliation deal U.S. Senate Democrats struck on Wednesday were whittled down from previous versions of the bill, but highly praised by backers of clean energy.

Early versions of the bill had $555 billion in tax breaks for clean energy such as wind and solar power as well as batteries and nuclear reactors.

Still, Wednesday’s package would cut U.S. emissions 40% by 2030, a summary released by Senate Majority Leader Chuck Schumer’s office said.

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Source: Reuters

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