Climate change is one of the biggest threats to communities and wildlife, alike. Stabilizing our climate can only come from developing and utilizing all feasible low or zero-carbon technologies and carbon removal strategies, including in the energy and transportation sectors.
Tackling Climate Change through Tax Extenders - How does it work?
The tax code is one of the most important tools we have at our disposal to help speed our transition to a zero-emission economy for the benefit of all people and wildlife. Congress is considering a set of clean energy tax policies that would extend credits for the production and sale of electric vehicles and new ways to store renewable energy, among other policies under consideration. This “tax extenders” bill can drive high-impact, smart investment in clean energy, energy storage, energy efficiency, electric vehicles and carbon neutral technologies.
Urge Congress to support the proposal to extend and modify tax credits that move our economy toward a clean future and help reduce greenhouse gas emissions that fuel climate change
Key Points on Tax Extenders
Energy Storage - In order to fully scale up important clean energy technologies like wind and solar power, we must make sure we can store energy across the electric grid to cover when production is low. An energy storage tax credit is one of the best ways to drive investment in new technologies and wide scale deployment.
Energy Efficiency - Energy efficiency is one of the cheapest and most effective ways to drive down energy demand, and, in turn, climate pollution. Smart investment in energy efficiency could also reduce consumers’ energy bills and save Americans money.
Electric Vehicles - Transportation is the largest source of the carbon pollution that contributes to climate change, and cars and light-duty trucks are responsible for about 60 percent of that pollution. This policy will boost the bottom lines for auto manufacturers and auto dealers by giving consumers more choices and incentivizing new car sales.
Carbon Removal - In order to deploy carbon removal technologies on the scale needed (probably billions of metric tons), we must quickly increase investment in research and development of carbon capture technologies, as well as options for environmentally-friendly use of captured carbon.