![]() Several cities, including most recently New York, have embraced proposals for new buildings to use electricity for heating and cooking instead of gas-burning appliances. ![]() The bill has about $13 billion for electrification of buildings and energy efficiency to cut greenhouse gas emissions. ![]() Yet lawmakers say climate legislation is best since courts or future presidents can reverse executive actions. After Manchin opposed an initial methane fee, Democrats softened it to phase in fees on drillers starting at $900 per tonne of emissions instead of $1,500.ĭemocratic Representative Pramila Jayapal, a progressive, suggested in a press call that Biden could advance methane fees through executive action. Such fees would raise revenues while fighting climate change. The bill contains fees on oil and gas facilities that emit methane, a powerful greenhouse gas. He supports removing a provision in the House-passed version of Build Back Better that would have required plants to capture at least 75% of their carbon emissions to qualify for 45Q. Manchin supports carbon capture, and wants to make the subsidies easier to secure. "This is one place where we have been able to see some bipartisan agreement," Smith told Reuters. Senator Tina Smith, a Democrat who has sponsored 45Q legislation, said she would keep fighting for her measure as the incentives could benefit ethanol plants in her state of Minnesota and across the Midwest. The bill contains billions of dollars to extend so-called 45Q tax credits for power and industrial plants to capture carbon emissions and store them underground or use it for other purposes. Goldfuss said another route back to the negotiating table could be narrowing and pairing low carbon tax credits with other popular elements like prescription drug and child support provisions. Prospects are dim that such provisions could become law if they were included in a "climate-only" bill given Manchin's opposition, said Christy Goldfuss, senior vice president for energy and environment policy at the Center for American Progress, a left-leaning think tank.īut smaller incentives for renewables could get adopted if they are lumped with breaks for nuclear power and hydrogen, technologies that could bring jobs to regions where coal plants are closing. It would extend tax credits for renewable power and launch new credits for reactors. The bill has more than $300 billion in tax credits for producers and buyers of low carbon energy, including wind and solar power and existing nuclear plants. Here are five top climate measures in the bill, and a discussion of their prospects if the wider legislation dies: These goals will be harder to reach if Biden's fellow Democrat Manchin helps Senate Republicans kill the bill. Senator Joe Manchin's rejection of President Joe Biden's $1.75 trillion social spending bill threatens to scuttle hundreds of billions of dollars in funding for measures to fight global warming and meet the administration's climate goals.īiden wanted his sweeping Build Back Better bill to put the United States on track to at least halve its greenhouse gas emissions this decade from 2005 levels and decarbonize the power grid by 2035. From electric vehicle tax credits to incentives for carbon capture, here is a look at five top climate measures in the bill and their prospects if the wider legislation dies
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