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Democrats Near Deal on $500 Billion to Fight Climate Change

  • Framework would be one of the biggest parts of spending plan
  • Talks continue to resolve differences among party factions
The U.S. Capitol in Washington, D.C.

The U.S. Capitol in Washington, D.C.

Photographer: Sarah Silbiger/Bloomberg
Updated on

More than $500 billion of an emerging Democratic spending plan is targeted to fight climate change, making it one of the biggest portions of a bill likely to top $1.5 trillion, according to people familiar with the discussions.

While details are still being worked out, the framework is expected to include expanded tax credits for renewable power, advanced energy manufacturing and electric vehicles, as well as incentives to support investments in electric transmission, energy storage and sustainable aviation fuel.