ADADBiden said his plan would confront climate change, while putting the U.S. ahead of its economic competitors. Even though it would require spending tax dollars, its primary impact would be on the private sector. Breakthrough Energy Executive Vice President Mike Boots said in a phone interview that Biden’s plan provides a blueprint for commercializing and scaling up existing clean energy innovations as well as nascent ones. The transmission tax credit and other policies in the Biden infrastructure plan would enable a couple dozen large-scale transmission projects to move forward in the near term, Gramlich said. That initiative, along with other provisions in the plan aimed at boosting union employment, won plaudits from labor leaders.

Source: Washington Post March 31, 2021 18:16 UTC