Statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE):
“Assuming the reports are true, this is a difficult blow to prospects for enacting comprehensive climate legislation that the American people want and scientists say we desperately need. However, we have not given up, and we will continue to work with Congress to find a path forward to salvage as much of the clean energy tax package as possible, either in this bill or a different legislative vehicle. Absent new legislation, the renewable sector will not grow at the pace needed to address the climate imperative. Tax incentives for renewable energy phase down and largely out in today’s tax code, while century-old fossil fuel incentives remain permanently in place. We need a level playing field for the renewable sector and a 21st century grid to reliably power our economy. Failure is not an option.”
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.
Vice President of Communications
American Council on Renewable Energy
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