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Senate Majority Leader Chuck Schumer and President Biden speak briefly to reporters as they arrive at the Capitol for a Senate Democratic luncheon, July 14. Photo: Drew Angerer/Getty Images

Included in the newly released outline of Senate Democrats' $3.5 trillion budget resolution are key details on which climate provisions made the cut.

Why it matters: The budget resolution sets the stage for consideration of a Democrats'-only measure to fund some of President Biden's key priorities, including some of the most far-reaching proposals yet enacted in the U.S. to tackle the climate crisis.

The intrigue: According to a summary from Senate Majority Leader Chuck Schumer's office, the resolution's top-line numbers will make room for a Civilian Climate Corps in the eventual reconciliation bill. This is a major priority for some environmental groups, including the Sunrise Movement.

Democrats also intend to include a Clean Electricity Standard (CES) in the reconciliation bill aimed at meeting Biden's goal of achieving 100% carbon-free power by 2035.

  • The CES they intend to incorporate into the reconciliation bill was written by Democratic Sen. Tina Smith of Minnesota, who co-authored a CES bill in 2019.
  • The White House initially proposed a CES as a way to decarbonize the electricity sector while allowing utilities the flexibility in choosing how to do so. Whether the CES could be included in a reconciliation package and have continued White House backing is unclear.
  • “Getting it included in the budget package sends a strong signal we are committed to tackling climate change. I will continue to work hard on getting a CES done because we cannot squander this moment. We can either lead or follow when it comes to the clean energy transition, and I want us to lead,” Smith said in a statement.

Details: The resolution also includes funding that Democrats intend to carve out for:

  • Clean energy and vehicle tax incentives, which go above and beyond what's included in the bipartisan infrastructure bill.
  • Agriculture, wildfire prevention and forestry.
  • Buying clean technologies for the federal government.
  • Making buildings more efficient.
  • Forming a clean energy accelerator to develop new technologies.

What we're watching: The resolution summary Democrats released includes a reference to "A new Methane Reduction and Polluter Import Fees to increase our emissions reductions," which could have trade implications. The outline has yet to be translated into legislative language.

Go deeper

White House unveils landmark reports on climate links to security, migration

Photo Illustration: Shoshana Gordon/Axios. Photo: John Moore/Getty Images

The Biden administration on Thursday released a sweeping set of assessments on climate change's threat to national security and its role in fueling migration.

Why it matters: One of the key products, a formal National Intelligence Estimate on climate change, marks the first time all 18 elements of the U.S. intelligence community have released a consensus report on the topic.

Oct 21, 2021 - Politics & Policy

Stymied by Sinema

Photo: Mandel Ngan/Pool/Getty Images

Congressional leaders say Sen. Kyrsten Sinema’s (D-Ariz.) potential opposition to any corporate or personal tax increase will complicate — and potentially delay — President Biden’s $2 trillion plan to expand the social safety net.

Why it matters: If tax hikes are out, lawmakers have to find new revenue streams to pay for child care and other administration priorities. Sinema may not be opposed to some drug pricing reforms or enhanced IRS enforcement, Axios has learned.

New Zealand passes "world-first" climate change disclosure law for banks

Commerce and consumer affairs minister David Clark and Prime Minister Jacinda Ardern at Parliament in Wellington, New Zealand, in 2018. Photo: Mark Tantrum/Getty Images

New Zealand passed a "world-first" law requiring financial institutions to disclose and act on climate change impacts concerning their businesses, officials announced Thursday.

Why it matters: About 200 of the "largest financial market participants in New Zealand" will have to "disclose clear, comparable and consistent information about the risks, and opportunities, climate change presents to their business," per a statement from commerce and consumer affairs minister David Clark.