The Growing Renewable Energy and Efficiency Now (GREEN) Act, a discussion draft distributed to Congress on November 19th (which the ABC strongly supports), proposes to extend several tax credits for clean energy deployment and expand several others. Given the current political climate and numerous competing priorities facing Congress, a tax credit extension package may possibly be the best chance in this Congress to enact measures that can accelerate clean energy deployment and reduce greenhouse gas (GHG) emissions. This independent analysis quantifies the combined impact of most major provisions of the proposal on both technology deployment and GHG emissions, through 2030. We find that: The GREEN Act can reduce US net GHG emissions by up to nearly 100 million tons in 2030 compared to no extension of tax credits… More >>
