BlueGreen Alliance responds to the Department of Treasury & Internal Revenue Service’s Request for Comments on the Inflation Reduction Act’s Implementation
We applaud the U.S. Treasury Department for initiating a robust set of requests for comments regarding their implementation.
Climate science is unambiguous. We must put America on a pathway to reducing greenhouse gas emissions to net zero by 2050 and ensure we are solidly on that path by 2030 to avoid the catastrophic consequences of climate change. At the same time, we must ensure that the jobs created in the clean economy are high-quality, good-paying union jobs and that they are prioritized in the places that need them most. Implemented effectively, the newly established clean energy tax credits will do just that: drastically reduce emissions, while providing high-quality, good-paying union jobs in the clean economy and driving growth in U.S. manufacturing. At the same time, they will increase equity in the transition to a clean economy by maximizing the benefits of this job growth in communities disproportionately impacted by pollution as well as deindustrialization and energy transition.
The tax credits will achieve these intersecting goals through several key provisions. First, the Inflation Reduction Act—for the first time ever—couples high-road labor standards with clean energy deployment tax credits.
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