Senate Democrats have introduced legislation that would revamp the system of tax breaks dealing with clean energy, providing new or sweetened incentives for using solar, wind and other non-carbon sources to generate and transmit electricity, as well as expanding incentives to promote energy-efficiency, in areas such as commercial buildings.
On the other hand, the bill, which Senate Finance Committee Chairman Ron Wyden (D-Ore.) introduced on April 21, would repeal several existing tax incentives for fossil fuel. It also is in synch with priorities that President Joe Biden has proposed.