03 Apr '17, 2am

Renewable Energy Tax Credits Will Power Economic Growth

Renewable Energy Tax Credits Will Power Economic Growth

The clean energy industry is rapidly growing in America. Costs are going down, carbon emissions are being reduced, and new jobs are being created. This is in large part due to smart tax policies that accelerate this growth. NRDC has just released a new analysis that shows that the federal tax credit extensions for wind and solar will add over 220,000 jobs and nearly $23 billion to the U.S. economy in 2017. The recent executive action to begin rolling back the Clean Power Plan is a clear threat to this progress. More than 1000 U.S. based investors and companies, representing $1.2 trillion in annual revenue, have signed a statement to President Trump declaring that a “failure to build a low-carbon economy puts American prosperity at risk.” As the fight to defend climate protections proceeds, the upcoming debate around tax reform presents an opportunity to move forward on cle...

Full article: https://www.nrdc.org/experts/kevin-steinberger/renewable-...

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