Six major climate change provisions in congressional Democrats' massive budget bill, could cut US greenhouse gas emissions by nearly One billion tonnes per year by 2030, according to a new analysis by the non-partisan Rhodium Group. It would be comparable to removing allPassenger vehicles off the road, or Texas and Florida's annual greenhouse gas emissions combined, according to the analysis. This is a really big deal, Rhodium Group Chairman John Larsen told CNN. It would be the biggest step the federal government has ever taken to tackle climate change. Rhodium's findings are consistent with other analyzes which showed that the largest reductions would come from a combination of Democrats' Clean Electricity Program and tax credits for clean energy, such as wind and solar. Biden's spending bill could be Democrat 's last hope for meaningful climate action as the crisis worsens Of the six measures analyzed by the group, Rhodium has estimated a combination of the clean electricity program, tax credits, and financing of rural electric co-ops would have the greatest impact on US emissions, accounting for up to 715 million tonnes per year. The House Energy and Commerce Committee has structured its prograclean electricity so that utilities are eligible for federal subsidies if they increase the amount of clean electricity supplied to customers by 4% over the previous year. The subsidy would be $ 150 for each megawatt hour of clean electricity greater than 1.5% of the previous year's clean electricity. Rhodium's analysis found that if utilities hit this minimum increase every year, the power industry would hit a 73% clean share by 2030, just short of President Joe's target of 80%. Biden. There is no reason why a utility should not be paid for exceeding its performance, Larsen told CNN. If I do better than 4% a year, you could actually get paid for doing even more of the right thing. I think between the tax credits and the [clean electricity program], it is obvious for utilities to achieve these goals. All of theseCombined programs could significantly reduce U.S. emissions, but Larsen told CNN that it's too early to say definitively if the total budget will reach Biden decarbonization target 50% to 52% below 2005 levels by 2030. Most developed countries think the United States is doing a bad job on the climate, selon a Pew Rhodium survey estimated at around 1.7 billion to 2.3 billion tonnes gap between where greenhouse gas emissions will be below the current path of United States and where it should be to meet Biden's 2030 target. We estimate this could close about half of the gap between where the United States is likely to be and where it needs to be to hit the target, Larsen told CNN, adding that the The gap could narrow if Congress increases its investments further. The climatic provisions represent about a fifth of the $ 3.5 trillion budget bill , environmental groups have estimated. The clean electricity program costs around $ 150 billion over 10 years, while the crClean energy tax bills will amount to roughly $ 253 billion over the next decade. Rhodium also included a $ 7,500 electric vehicle tax credit, methane emission fees, and more funding for agriculture and forestry programs that help remove carbon from the atmosphere.