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Tax Incentives & Appropriations -
Press Releases
ACORE Statement on the Treasury Department’s Proposed Regulations on the Advanced Manufacturing Tax Credit
WASHINGTON, D.C. – The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released proposed regulations today on the Section 45X Advanced Manufacturing Production Tax Credit for solar and wind components, inverters, batteries, and qualifying critical minerals. Following is a statement from Jose Zayas, Executive Vice President of Policy and Programs for the American Council on Renewable Energy (ACORE):
“ACORE applauds the Biden-Harris administration and members of Congress responsible for enacting into law this critical tax incentive, one of several key tools the industry now has to grow its domestic manufacturing capabilities. Over the past year, nearly $100 billion in clean energy manufacturing investments have been announced, with plans for close to 100 new facilities across the U.S. – including several from ACORE members – that will support thousands of good-paying American jobs.
“However, this remarkable progress is only just beginning. We deeply appreciate the work the Treasury Department and the IRS did to issue these proposed regulations this year, as projections show the Section 45X manufacturing tax credit will help spur billions of dollars in new economic activity over its life. The inclusion of key components, including emerging battery technologies and offshore wind vessels, in addition to prior guidance unlocking the direct pay option for the 45X credit, provides needed clarity for our sector as we work toward achieving the enhanced domestic manufacturing base we need to meet the growing demand for clean and renewable power, secure our grid, lower costs, and maximize American competitiveness.”
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About ACORE:
For more than 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s premier pan-renewable nonprofit organization. ACORE unites finance, policy, and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.
Media Contacts:
Alex Hobson
Sr. Vice President, Communications
American Council on Renewable Energy
hobson@acore.org | 202.830.3592 (o) | 202.594.0706 (c)
Dylan Helms
Associate, Communications
American Council on Renewable Energy
helms@acore.org | 202.935.6491 (o) | 727.290.8804 (c)
The post ACORE Statement on the Treasury Department’s Proposed Regulations on the Advanced Manufacturing Tax Credit appeared first on ACORE.
https://acore.org/news/acore-statement-on-the-treasury-departments-proposed-regulations-on-the-advanced-manufacturing-tax-credit/
Renewable Energy
Celebrating American Ignorance
There are so many tragic aspects to life in today’s United States that it’s hard to name them all.
For my money, one of the saddest elements to the American zeitgeist is its glorification of ignorance.
Up until recently, if you wanted to know what science believes about anthropology, climate change, or particle physics, you asked a scientist in the relevant discipline, who not only has a college degree, but normally a ton of education on top of that.
Now, you ask a congressional Republican, preferably, an evangelical Christian.
Renewable Energy
How and Why We Conduct Science
To the author of the meme here (if it’s an actual human being, vs. a Russian bot): to the best of my knowledge, the only actual major “scientific fraud” in world history was “Piltdown Man.” In 1912, a pseudo-anthropologist attempted to fool the scientific community into believing he had discovered the “missing link” between apes and humans.
Now, are there examples of instances when the science of the day turned out to be incorrect?
Of course, and new instances of this surface every day.
Think of how little when scientists believed 200 years ago is still intact today. Perhaps most obviously, Newtonian mechanics has fallen to relativity and quantum physics, but there are hundreds of other paradigm shifts in health and medicine, psychology, cellular biology, chemistry, and particle physics.
Contrary to what conspiracy theorists want you to believe, science is not a set of facts; it’s a methodology whereby we come to learn more about ourselves and the world around us.
Are there other methods by which we “learn?” Sure. Some uneducated guy goes on YouTube and becomes convinced that our consumption of fossil fuels is not causing the temperature of the Earth’s atmosphere and oceans to rise. I would argue that this conduct is inferior to the scientific method.
Renewable Energy
Trump’s Only Real Talents: Attracting Attention and Controlling Morally Weak People
Trump is not an idiot. His IQ may not be too high, but he’s smart enough to know how to conduct himself in his lifelong quest to amass more wealth and power at the expense of everyone else on Earth.
Trump’s Only Real Talents: Attracting Attention and Controlling Morally Weak People
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