The bill approved by US Senate is a stripped-down version of the $2.2tn (£1.8tn) Build Back Better proposal that the House of Representatives passed last November. This was in itself a cut-down plan, based on the $3.5tn (£2.9tn) package that was first proposed by Biden upon his arrival to the White House.
The bill, formally known as the Inflation Reduction Act, was passed by a margin of 51 to 50 on Sunday with Vice-President Kamala Harris casting the deciding vote after 18 months of intense negotiations.
When signed into law, the Act will become the largest investment the US has ever made to tackle climate change and reduce the country's carbon emissions.
The bill would allocate $369bn (£302bn) to reducing greenhouse gas emissions and investing in renewable energy sources in a plan that the government expects will reduce America’s planet-heating emissions by about 40 per cent by 2030, compared with 2005 levels.
As part of the energy provision...