Democrats called it the “single biggest climate investment in US history so far” and claimed it would do 80% of the work of meeting the US’s 2030 climate targetBy Joe LoAfter a dramatic U-turn from holdout Senator Joe Manchin on Wednesday, the US is set to pass a bill which includes $369bn in climate and energy spending. Schumer & Manchin cemented a budget bill to cut inflation, energy & health care costs, and invest a reported ~$370B in clean energy. It raises money mainly from corporation tax and spends it on healthcare, debt repayment and $369bn of climate and energy measures. Stunned, but in a good way…[Big Fucking Deal]” while UCSB professor Leah Stokes, who has been pushing for a climate bill behind the scenes, called it “game-changing”. “What’s truly terrifying are the unknown concessions made to [Senator] Manchin to get this desperately needed funding,” he said.

Source: New York Times July 28, 2022 10:57 UTC