ACORE Statement on Treasury’s Safe Harbor Guidance
Statement from American Council on Renewable Energy (ACORE) President and CEO Ray Long on Treasury’s Safe Harbor Guidance:
“The American Council on Renewable Energy (ACORE) is deeply concerned that today’s Treasury guidance on the long-standing ‘beginning of construction’ safe harbor significantly undermines its proven effectiveness, is inconsistent with the law, and creates unnecessary uncertainty for renewable energy development in the United States.
“For over a decade, the safe harbor provisions have served as clear, accountable rules of the road – helping to reduce compliance burdens, foster private investment, and ensure taxpayer protections. These guardrails have been integral to delivering affordable, reliable American clean energy while maintaining transparency and adherence to the rule of law. This was recognized in the One Big Beautiful Act, which codified the safe harbor rules, now changed by this action.
“We need to build more power generation now, and that includes renewable energy. The U.S. will need roughly 118 gigawatts (the equivalent of 12 New York Cities) of new power generation in the next four years to prevent price spikes and potential shortages. Only a limited set of technologies – solar, wind, batteries, and some natural gas – can be built at that scale in that timeframe.”
###
ABOUT ACORE
For over 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s leading voice on the issues most essential to clean energy expansion. ACORE unites finance, policy, and technology to accelerate the transition to a clean energy economy. For more information, please visit http://www.acore.org.
Media Contacts:
Stephanie Genco
Senior Vice President, Communications
American Council on Renewable Energy
genco@acore.org
The post ACORE Statement on Treasury’s Safe Harbor Guidance appeared first on ACORE.
https://acore.org/news/acore-statement-on-treasurys-safe-harbor-guidance/
Remarkably, there are still Americans who buy into the concept promoted at left. Most people have figured out that:
The greed of corporations and billionaires has usurped our lawmaking processes and made it extremely difficult for the working class to live any decent kind of life.
Rule of law is a joke in the United States.
The final days of free market capitalism are upon us, leaving the common American more depressed and desperate than in any past age.
As the United States continues its slide into corporatocracy and oligarchy, the concept of universal healthcare becomes ever more unlikely.
As the midterms approach, we need to brace ourselves for the onslaught of messaging from the GOP to the effect that Trump is the only force separating America from communism. This, believe it or not, is a concept warmly embraced by tens of millions of hateful idiots.
The rest of the developed world deems healthcare to be a human right, like potable water. We counter: Bull****. Corporate profitability is the supreme right here.
Yes, the MAGA crowd has a huge appetite for the type of rhetoric we see at left, but their numbers are slowing shrinking.
That said, it’s still amazing that the U.S. is home to tens of millions of idiots who believe that liberals hate our country and are trying to destroy it.
-
Climate Change11 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases11 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Renewable Energy8 months agoSending Progressive Philanthropist George Soros to Prison?
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits
-
Greenhouse Gases12 months ago
嘉宾来稿：探究火山喷发如何影响气候预测