Statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE):
"ACORE has endorsed many of the renewable energy, energy storage and grid modernization provisions in the Clean Economy Jobs and Innovation Act, and embraces the workforce diversity and environmental justice goals of the legislation. But even the most productive federal R&D won't be commercialized and deployed for a number of years, and there is precious little in this legislation to accelerate the decarbonization of our electric grid today. What the renewable sector needs most right now is temporary refundability for renewable tax credits so that renewable energy projects can be completed in spite of a COVID-constrained tax equity market, and a delay in the scheduled phasedown of existing credits in recognition of the adverse nationwide impact the pandemic has had on renewable deployment this year. Enacting these commonsense emergency relief measures into law would stem job losses in every state, keep us from falling even further behind our climate commitments, and help the renewable sector power the nation's economic recovery."
Founded in 2001, the American Council on Renewable Energy (ACORE) is the nation's premier pan-renewable organization uniting finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.