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Here’s How Biden Would Spend $555 Billion in Climate Funds

  • President proposes money for EV tax credits, renewable power
  • Total would add to measures in separate infrastructure bill
    
Photographer: Angel Garcia/Bloomberg
Updated on

President Joe Biden’s $1.75 trillion tax and spending framework calls for $555 billion to boost renewable power, electric vehicles and resilience to global warming.

If congressional Democrats go along, the plan would represent a historic investment in fighting global warming that Biden can tout to world leaders at the high-stakes United Nations climate summit opening Sunday.