Clean Energy Industries Call Upon Congressional Leaders to Include Vital Clean Energy Policies and Tax Measures In Comprehensive Energy Bill
Washington, DC –In a letter to Congressional leaders today (attached), the Business Council for Sustainable Energy (BCSE) urged Congress to retain vital provisions in the final measure that will drive critical investments in energy efficiency, renewable energy and other clean energy options.
It has been reported that the energy bill compromise under consideration may exclude the Renewable Electricity Standard (RES) and the energy tax title, which includes multi-year extensions of the Production Tax Credit (PTC) and its equivalent Clean Renewable Energy Bonds (CREBs), the Investment Tax Credit (ITC) as well as other key energy efficiency tax incentives.
“The Council supports passage and swift implementation of these measures as part of a comprehensive energy package,” Lisa Jacobson, BCSE Executive Director stated.
“The RES, CREBs, the ITC and energy efficiency tax provisions are essential components of a balanced national energy strategy that enhances our energy security and reliability, creates jobs and economic opportunity in the United States and provides a down payment on reducing greenhouse gas emissions that contribute to global climate change,” Jacobson affirmed.
The Council believes that a comprehensive, forward-looking and technology-based energy future is in the interest of all Americans. The Council therefore strongly recommends that the House and Senate maintain the RES and the energy tax title in the final energy bill. These programs will have widespread and substantive benefits for consumers and business, and will put America on the road to a secure energy future.