Senate Passes Historic Climate Bill—Here’s What Comes Next
A historic climate bill just passed in the Senate. Learn more here.
CLIMATEWIRE | Three decades after ratifying the world’s first climate treaty, the Senate passed a sweeping budget bill Sunday that pours hundreds of billions of dollars into the clean energy projects needed to decarbonize the economy.
The vote represents a breakthrough for U.S. climate policy. In clearing the Senate, Democrats overcame a hurdle that has tripped up past climate bills. And with $369 billion in climate and energy spending, the legislation has the potential to turbocharge U.S. decarbonization efforts.
Even so, the so-called Inflation Reduction Act doesn’t look like the climate bill that many lawmakers and advocates had long imagined. It is not Waxman-Markey, the doomed cap-and-trade bill…