Post-COVID, a nuclear energy future would boost NC
Charles Hernick
This year we are witnessing how unexpected events can shock strong economies that were once firing on all cylinders. As we muddle through the coronavirus pandemic, our renewed focus on a resilient and reliable supply chain extends beyond medical equipment and toilet paper. We must secure all resources that enable modern life most crucially, reliable energy.
In working to secure our energy future, we can also address foreseeable challenges like our changing climate, which has already begun to negatively affect our day-to-day lives. The potentially devastating environmental impacts of this are well documented but economists, bankers and business owners have likewise warned that a changing climate could significantly drag down our economy over time.
Congress set to pass the biggest action ever taken to address climate change washingtonexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonexaminer.com Daily Mail and Mail on Sunday newspapers.
The Energy Act of 2020 includes a two-year extension of the investment tax credit (ITC) used by solar power generators (keeping the ITC at 26% through year-end 2022 instead of falling to 22% in calendar year 2021), a one-year extender for the production tax credit (PTC) used by wind developers, and a new 30% ITC for offshore wind projects that commence construction by the end of 2025.
Wind and solar generation, energy efficiency and carbon capture all won tax break extensions in the massive stimulus and budget bill that was poised for approval by Congress Monday night.
The Energy Act of 2020 includes a two-year extension of the investment tax credit (ITC) used by solar power generators (keeping the ITC at 26% through year-end 2022 instead of falling to 22% in calendar year 2021), a one-year extender for the production tax credit (PTC) used by wind developers, and a new 30% ITC for offshore wind projects that commence construction by the end of 2025.
U.S. Senator Mitt Romney (R-UT) today voted in favor of the
Consolidated Appropriations Act of 2021, which includes measures he fought for to secure clean water for Utah Navajos, end surprise medical billing, support Hill Air Force Base, and help Utah’s rural communities. The package, which passed with over 90 votes in favor, funds the federal government through September 30, 2021, and includes COVID-19 relief legislation that reflects many of Senator Romney’s priorities to help Utah’s workers, businesses, and families.
“The legislation which passed today includes several measures which I have been fighting for and that are important for Utah,”
Congress on Monday passed another stimulus package as a response to the COVID-19 pandemic.
The package includes extensions on the solar and wind production tax credit (PTC) and investment tax credit (ITC), energy efficiency incentives, research and development enhancements for clean energy technologies and more, according to a joint statement from House Speaker Nancy Pelosi, D-Calif., and House Senate Minority Leader Chuck Schumer, D-N.Y.
The relief package is the second implemented this year, and the first to extend aid to the renewable energy industry. It also includes several provisions from the Senate s American Energy Innovation Act, championed by Sens. Lisa Murkowski, R-Alaska, and Joe Manchin, D-W.Va., earlier this year, as well as from the House s companion bill. The inclusion marks the first time in 13 years Congress has passed comprehensive energy policy.