Why The CHIPS and Science Act Is a Climate Bill - The Atlantic - 0 views
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Over the next five years, the CHIPS Act will direct an estimated $67 billion, or roughly a quarter of its total funding, toward accelerating the growth of zero-carbon industries and conducting climate-relevant research, according to an analysis from RMI, a nonpartisan energy think tank based in Colorado.
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That means that the CHIPS Act is one of the largest climate bills ever passed by Congress. It exceeds the total amount of money that the government spent on renewable-energy tax credits from 2005 to 2019
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And it’s more than half the size of the climate spending in President Barack Obama’s 2009 stimulus bill. That’s all the more remarkable because the CHIPS Act was passed by large bipartisan majorities, with 41 Republicans and nearly all Democrats supporting it in the House and the Senate.
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