We stand at a pivotal climate moment. To meet it, Congress must provide major investments in clean energy tax credits as part of budget reconciliation legislation.
In this new memo circulated with Congress, Evergreen lays out several essential clean energy tax credits that will help address the climate crisis and create good-paying jobs for American workers.
1. Clean Electricity
2. Clean Transportation
3. Clean Manufacturing and Industry
4. Clean Buildings
5. Ending Fossil Fuel Subsidies
These clean energy tax credits will support existing and emerging technologies in domestic industries that are poised for rapid growth. They will help reduce the toxic fossil fuel pollution that poisons American communities, particularly low-income communities and communities of color. And they will help ensure American industry leads the global market for clean technology.
Together, these clean energy tax credits and a new Clean Electricity Performance Program (CEPP) would achieve almost two-thirds of the greenhouse gas pollution reductions in legislation under consideration in Congress, and put us on the path to meet President Biden’s climate commitments.
Federal lawmakers cannot afford to miss this moment to invest, through the tax code, in bold climate action and in building a just and thriving clean energy economy.