WASHINGTON, D.C. – A group of NGOs focused on clean energy, climate, and innovation have come together to commend the Biden Administration for its efforts to promote carbon-free technology innovation under the American Jobs Plan.
As leading organizations committed to building an equitable, zero-carbon future, we’re deeply appreciative of the Biden administration’s focus on technology-inclusive innovation policy and funding to tackle the climate crisis. Current zero-carbon technologies will only get us part of the way there, and the support of the U.S. government is crucial to developing, demonstrating, and deploying innovative new technologies to decarbonize hard-to-abate sectors like hydrogen production, maritime shipping, and heavy industry like cement and steel. The innovation measures included in the American Jobs Act will help push these technologies into the mainstream, and will go a long way to decarbonizing the U.S. economy – all while protecting existing high wage jobs, creating new jobs, and fostering new development opportunities, particularly in economically distressed communities.Center for Climate and Energy Solutions, Clean Air Task Force, Great Plains Institute, Information Technology and Innovation Foundation, National Audubon Society, National Wildlife Federation, Nuclear Innovation Alliance, The Breakthrough Institute, and Third Way
The American Jobs Plan includes the development of 15 decarbonized hydrogen demonstrations, 10 industrial carbon capture demonstrations, and an additional $15 billion for demonstrating a variety of carbon-cutting technologies. It extends and enhances the 45Q tax credit to encourage greater deployment of carbon capture technology, with added benefit for more challenging projects on industrial facilities and direct air capture. And it invests in carbon storage and transport infrastructure, as seen in the recently introduced SCALE Act. The plan also includes a renewal of 48C, an investment tax credit for building or retooling facilities to produce clean energy technologies, as well as support for reducing industrial facility emissions using tools like carbon capture, utilization, and storage, and advanced nuclear energy.
Press Contact: Troy Shaheen, Communications Director, U.S., Clean Air Task Force, firstname.lastname@example.org, 845-750-1189.