1 Big Thing: Sizing Up the Big Beltway Climate Plans
An analysis of the emissions reduction potential of timely climate policies is profiled in the first item of an Axios Generate newsletter.
The intrigue: A separate new analysis by Resources for the Future, a nonpartisan think tank, also explores Capitol Hill proposals with similarities to the Democrats' plan.
- They model several scenarios. Under one of them, expanded energy and EV tax incentives and the proposed new financial help for utilities — called the Clean Electricity Performance Program — would together meet almost four-fifths of Biden's target.
- Adding carbon pricing makes up the gap, but pricing proposals have little political traction.
Yes, but: The political pathway for the Democrats' $3.5 trillion package of health care, social safety net and energy provisions is extraordinarily uncertain, and it could be significantly scaled back or die.
