Record Climate Spending Is in Reach With Senate Budget Blueprint
- Provisions of budget framework now go to House, bill writers
- Measure sets stage for first-ever tariff on high-carbon goods
This article is for subscribers only.
The Senate’s $3.5 trillion budget framework sets the stage for a deluge of spending on electric vehicles, renewable power and clean energy initiatives meant to help combat climate change and wean the U.S. off fossil fuels.
If adopted by the House and enacted through separate legislation to be written in coming months, the Senate-passed spending plan would impose a tariff on high-carbon imports and create a program compelling electric utilities to shift to emission-free power sources. It would build on tens of billions of dollars in clean energy spending in a bipartisan infrastructure bill that passed the Senate earlier this week.