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U.S. House of Representatives passes biggest climate investment in U.S. history

• https://www.cnbc.com/2021/11/19/house-passes-biggest-climate-investment-in-us-history-.html

$555 billion in climate programs

(The overall 'Build Back Better' legislative package) biggest climate spending components include 10-year tax credits to expand and accelerate investments in renewable power, including wind, solar and nuclear. The bill also includes a proposal to raise the electric vehicle tax credit to up to $12,500 for vehicles made at a unionized factory in the U.S.

Other climate-related items in the legislation include:

Delivering consumer rebates for shifting to clean energy and electrification

Advancing environmental justice by investing in disadvantaged communities

Creating a new Civilian Climate Corp to create jobs and conserve public lands

Investing in coastal restoration, forest management and soil conservation.

“This is the most consequential climate vote in our history,” Manish Bapna, president and CEO of the Natural Resources Defense Council, said in a statement. “It’s about creating jobs, driving innovation, advancing equity, and confronting at last the rising costs and mounting dangers of the climate crisis.”

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