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Renewable Energy Vision

The Wall Street Journal published a misguided editorial over the weekend that supported the House tax bill’s damaging provisions to retroactively revise wind incentives. I wanted to share ACORE’s response in my letter to the editor, which was published in print on Nov. 15 as the lead response to their editorial (full text below). 

I was speaking with a friend the other day when she asked, “What’s going on with renewable energy tax extenders this year? Are the PTC and ITC going to be extended?” As we know, the Production Tax Credit (PTC) expired at the end of 2014 and the 30 percent Investment Tax Credit (ITC) will expire at the end of 2016. That’s in addition to a dozen other energy credits affecting biofuels, electric vehicles, and energy efficiency that have also expired.

June 26 -- A new study was released by the American Council on Renewable Energy (ACORE), California Clean Energy Fund (CalCEF), and Climate Policy Initiative at the Renewable Energy Finance Forum-Wall Street, where hundreds of leaders from the renewable energy industry convened to discuss the current state of renewable energy finance. The study titled "Strategies to Scale-Up U.S. Renewable Energy Investment" highlights the role of policy at the state, federal, and regulatory level in unlocking record levels of private capital in the industry during the past decade. The paper also explores policies that would significantly increase private capital into renewable energy development. >>View Article

February 27 -- Congress should expand a tax incentive reserved for the fossil fuel industry known as master limited partnerships to the renewable energy industry, a coalition of chief executive officers said in a report released Feb. 25.  >>View Article

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The American Council On Renewable Energy
 

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