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More than 100 Lawmakers Urge Banking Regulators to Revise Basel III Tax Equity Provisions to Not Imperil Clean Energy Transition
WASHINGTON, D.C. – Led by U.S. Congressman Sean Casten (IL-06), 106 lawmakers sent a letter today to Federal Reserve Chairman Jerome Powell, Federal Deposit Insurance Commission Chairman Martin Gruenberg, and Acting Comptroller of the Currency Michael Hsu, urging the agencies to revise tax equity provisions in the proposed Basel III rules that could imperil the clean energy transition. Following is a statement from Lesley Hunter, Senior Vice President of Programs and Sustainable Finance for the American Council on Renewable Energy (ACORE):
“Tax equity is a predominant source of financing in the U.S. renewable energy market, and it is critical that federal agencies immediately clarify a risk weight for renewable energy tax equity reflective of these investments’ loan-like characteristics, low-risk profile, and overwhelmingly positive historical returns. Near-term action is essential to avoid stifling crucial financing for the renewable sector at a time when it is needed most.”
For more information on renewable energy tax equity investments, click here.
To download ACORE’s letter on the impact of these proposed bank regulatory capital requirements on tax equity investment in clean energy, click here.
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 More than 100 Lawmakers Urge Banking Regulators to Revise Basel III Tax Equity Provisions to Not Imperil Clean Energy Transition appeared first on ACORE.
https://acore.org/news/more-than-100-lawmakers-urge-banking-regulators-to-revise-basel-iii-tax-equity-provisions-to-not-imperil-clean-energy-transition/
Basing a claim on a single incident, e.g., the murder of Charlie Kirk, has no real validity.
So, here’s was AI says on the matter:
Violent crime, particularly homicide and gun violence, is significantly higher in the United States compared to Europe.
The U.S. homicide rate fluctuates between 5.5 and 6.5 per 100,000 residents, whereas most Western European countries see rates well below 2.0 per 100,000. A resident of the U.S. is generally 5 – 6 times more likely to be a victim of a homicide than someone living in Western Europe.
The meme here speaks volumes to life in the United States and free market capitalism as a whole.
I happened to have met the guy who, in the 1990s, tried to build railways that would connect Dallas, Houston, Austin, and San Antonio. One day he got a phone call from Herb Kelleher, co-founder and former CEO of Southwest Airlines, who told him, “The fare between any of the major cities in Texas is $80. The day you drive your first spike in the ground, I’m lowering it to $8.”
American businesspeople are no more interested in the wellbeing of our people than they have in being diagnosed with cancer.
If you’re wondering why there is so much pushback against renewable energy and other elements of climate change mitigation, you really don’t to look much further.
Hmm. He’s the governor of the most populous state in the country, whose revenues, if it were a country, would make it the fourth largest economy on Earth. His state ranks in the top five in terms of colleges and universities. We’re wealthy, well-educated, and extremely productive.
It’s true that he’s not a Trump supporter, but California (and the rest of the world) generally regards the current U.S. president as a criminal sociopath.
Yes, that infuriates folks who are poor, ignorant, racist, and disease-ridden, but generally speaking, it doesn’t bother Californians.
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