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Environment America: Clean Energy for America Act Advances in the Senate

WASHINGTON, May 28 (TNSPol) Environment America issued the following news release:The Senate Finance Committee advanced the Clean Energy for America Act Wednesday. The bill introduced by Sen. Ron Wyden of Oregon and more than 20 colleagues would replace a patchwork of more than 40 energy tax policies with three categories of tax incentives for clean electricity, clean ....

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U.S. Department Of The Treasury, Office Of Public Affairs: Administration's FY2022 Budget Tax Proposals Will Promote Shared Growth And Prosperity

<p><span face="times new roman,times" size="3">Today’s budget, which includes the American Jobs and Families Plans, makes the necessary investments in both our infrastructure and our people to ensure the post-pandemic chapter of our history is a strong and prosperous one. Importantly, too, this budget puts our country on a long-term fiscally sustainable path through fair and efficient tax reform.”</span><br /><span face="times new roman,times" size="3">– Secretary of the Treasury Janet L. Yellen</span></p> ....

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Statement: Clean Energy for America Act advances in the Senate

WASHINGTON The Senate Finance Committee advanced the Clean Energy for America Act Wednesday. The bill introduced by Sen. Ron Wyden of Oregon and more than 20 colleagues would replace a patchwork of more than 40 energy tax policies with three categories of tax incentives for clean electricity, clean transportation and energy efficiency. The bill also eliminates subsidies for fossil fuels and nuclear generation. ....

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Tax policy helped power-sector emissions fall 40 percent, can do more

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Tax incentives helped to propel an energy transformation that may have taken a century to take shape in just two decades, driving private sector dollars into clean energy development and deployment. The market signals generated by these tax incentives and private sector investment have led to innovation and economies of scale for clean energy technologies.
The Business Council for Sustainable Energy (BCSE), a coalition representing the energy efficiency, natural gas and renewable energy sectors, has seen many parts of the American clean energy industry mature and thrive with the support of stable and predictable tax policy.
Tax credits support technologies in early commercialization, such as carbon capture and storage; long-standing generation technologies such as biomass, biogas, geothermal, hydropower, solar, waste-to-energy and wind; as well as combined heat and power, fuel cells and energy efficiency. This technology-inclusive approach has seen consistent, ....

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Will Energy Storage See Federal Support Under the Biden Administration? | Davis Wright Tremaine LLP

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Efforts to introduce investment tax credit (ITC) incentives to support and accelerate the deployment of energy storage in the United States are gaining traction in Congress and the Biden Administration.
Rising Demand for Energy Storage
As more and more of our country s electricity comes from intermittent renewable resources like solar and wind, energy storage is becoming increasingly crucial for maintaining reliability (keeping the lights on) and resilience (ensuring the grid can withstand emergencies such as wildfires and hurricanes), managing electricity costs during peak demand, as well as achieving state-level renewable portfolio standards and greenhouse gas emissions targets. ....

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