Helped Secure $125 billion in Federal Funding for Climate Technology
Late in 2020, CATF’s policy team expertly navigated the halls of Congress to help ensure that lawmakers understood the importance of comprehensive energy legislation, leading to the inclusion of key climate provisions into a year-end omnibus spending package that covered, among other things, a much-needed COVID-19 relief measure. The package included $125 billion in new spending authorizations over a five-year period to support research, development, and deployment incentives covering renewables, energy storage, advanced nuclear, carbon capture, geothermal, building efficiency, and more. It also unlocked $40 billion in clean energy funding at the Department of Energy’s Loan Program Office, extended key tax credits for renewable energy, and a continued 45Q credit for carbon capture and storage.
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