ACORE Letter on the Impact of Proposed Bank Regulatory Capital Requirements on Tax Equity Investment in Clean Energy
Dr. Lael Brainard
Director
National Economic Council
1650 17th St NW Washington, DC 20006
RE: The Impact of Proposed Bank Regulatory Capital Requirements on Tax Equity Investment in Clean Energy
Dear Director Brainard,
On behalf of the undersigned organizations, we are writing to express our profound concerns about proposed bank regulatory capital requirements that threaten to derail the clean energy transition. The Inflation Reduction Act (IRA) has key goals which will benefit Americans: substantially lower the nation’s carbon emissions, catalyze investments in energy production and manufacturing, create good jobs, and lower energy costs. Providing efficient, low-cost capital is a key ingredient to accomplishing these goals.
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Shannon Kellogg
Amazon Web Services (AWS)
