U.S. clean-energy tax breaks sought in the virus stimulus package


Highlights:

Clean energy advocates are pushing for consumer tax credit extensions for renewable energy, storage, and electric vehicles to be included in the stimulus package:

  • With many business sectors taking losses from the impacts of coronavirus, the renewable energy sector says they are feeling losses as well
    • The demand for solar is down, projects are being canceled, and labor shortages are a few of the worries for the renewable energy sector
  • The co-chairs of the House Sustainable Energy and Environment Coalition are advocating for the tax credits in the upcoming stimulus 
  • The third round of fiscal stimulus could total as much as $1.2 trillion

The Climate Center aims to push California to commit to 80% below 1990 levels of GHG emissions and net-negative emissions by 2030, accelerating timelines for existing state policies. 


Read more: https://www.bloomberg.com/news/articles/2020-03-18/clean-energy-credits-eyed-for-virus-stimulus-package-in-congress

Nina Turner
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