Statement: Clean Energy for America Act advances in the Senate | Environment America

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2021-05-28 05:30:04

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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.

Solar power has grown 52 percent annually since the Investment Tax Credit for solar was enacted, and wind energy has tripled since a large investment was made in the Production Tax Credit in 2009. A recent study from the Union of Concerned Scientists found that The Clean Energy for America Act would more than double renewable energy generation in the United States, while reducing carbon emissions.