WASHINGTON, D.C. – More than 50 diverse stakeholders, including environmental organizations, renewable energy companies, faith groups, and clean energy and transportation associations, wrote to the House Ways and Means Committee today requesting the inclusion of a stable, predictable and long-term clean energy and transportation tax platform in the Committee’s budget reconciliation package. The coalition said these tax incentives would save consumers money and create good-paying jobs in every state while restoring America’s climate and clean energy leadership around the world.
“The time for Congress to act both decisively and boldly on climate change is now. Action to address the climate crisis must be taken across the board, and key among many policies is a foundation of strong federal incentives for clean energy,” the stakeholders wrote.
The coalition noted that the robust set of clean energy and transportation incentives identified in the letter are not just a critical piece of addressing the climate crisis, but could also drive significant economic growth as the clean energy sector becomes “an increasingly important source of American innovation, energy independence, and international competitiveness in the 21st century global economy.”
“The climate action Congress takes must be bold and commensurate with the worsening of the climate crisis and the impacts we face,” the signatories said. “More than 180 House Democrats recently called for such a package when they wrote a Dear Colleague letter to support climate investment in the tax code. Fortunately, with the passage of the House Budget Resolution initiating the budget reconciliation process, such legislation is achievable. It is critical that the House Ways and Means Committee prioritize adopting a package of tax incentives of a scale, scope, and duration that will rise to the historic challenge that climate change presents.”
American Council on Renewable Energy (ACORE) President and CEO Gregory Wetstone added, “The budget reconciliation package is Congress’ last best chance to address climate change. A long-term, full-value clean energy tax platform with direct pay is foundational for decarbonizing the power sector by 2035, and we call on Congress to act urgently and decisively at this defining moment for our nation.”
For more on how a stable, predictable and long-term clean energy and transportation tax platform can help lead our nation’s economic recovery and avoid the most catastrophic climate impacts, click here.
For more than 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s premier pan-renewable nonprofit organization. ACORE unites finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.
American Council on Renewable Energy
Alex Hobson, Vice President of Communications, ACORE
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