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EV Credit, Methane Fees: What $555 Billion Climate Plan Would Do

  • Hundreds of billions in tax breaks for clean power, vehicles
  • House package imposes new fees and bans on oil drillers

Photographer: Jonathan Nackstrand/AFP/Getty Images

The spending bill House Democrats passed Friday and sent to the Senate calls for the largest-ever investment in fighting climate change: $555 billion on clean power, electric vehicles and resilience to global warming. 

The White House has said the bill, which faces an uncertain fate in the Senate, sets the U.S. on a course to meet ambitious climate goals that include a 50% to 52% reduction in greenhouse gas emissions below 2005 levels by 2030 and a 100% carbon pollution-free power sector by 2035.