Testimony & Comments / Climate Change & the Clean Economy
The EPA has a unique opportunity through the Greenhouse Gas Reduction Fund to deliver meaningful, lasting benefits in low-income and disadvantaged communities.
Press Releases / Climate Change & the Clean Economy
The U.S. Department of the Treasury today released new guidance for the Internal Revenue Service (IRS) on the prevailing wage and apprenticeship requirements included in the Inflation Reduction Act. The Inflation Reduction Act, signed into law in August, includes—for the first time—high-road labor standards that go hand-in-hand with clean energy deployment. Specifically, to receive the full value of the tax credit, developers will have to pay a prevailing wage and utilize a certain percentage of registered apprentices in the projects. The guidance released today provides further details of how those requirements will work.
Blog / Climate Change & the Clean Economy
We are at a groundbreaking moment for this legislation as the Department of Treasury begins work to implement the centerpiece of this law: the new and strengthened clean energy tax credits. These tax credits have the potential to create good jobs for workers and transform communities and the clean economy.
Testimony & Comments / Good Jobs
These incentives are the keystone of the climate, justice, and jobs strategy that motivated this legislation, and efficient implementation of them will be critical to meeting our climate goals.
Testimony & Comments / Clean Vehicles and Fuels
The updated 30D Clean Vehicle Tax Credit represents an opportunity to lower the upfront cost of electric vehicles (EVs) for consumers, to accelerate the deployment of EVs, and to reshape the global automotive supply chain to support auto manufacturing workers and communities here.
Testimony & Comments / Climate Change & the Clean Economy
We applaud the U.S. Treasury Department for initiating a robust set of requests for comments regarding their implementation.
Testimony & Comments / Climate Change & the Clean Economy
These tax credits present a once-in-a-generation opportunity to drastically reduce emissions while providing good 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 energy transition.