House Approves Bill to Stimulate the Clean Energy Economy

Statement of Environment America Washington DC Office Director Anna Aurilio

“We applaud Speaker Pelosi and the House of Representatives for their leadership in passing crucial renewable energy and energy efficiency tax incentives.  This bill is an important and effective step in strengthening America’s clean energy economy.

As one of the fastest growing industries in the U.S., the clean energy industry is a shining light in an otherwise lackluster economy. Unfortunately the renewable energy production tax credit and the solar investment tax credit — are set to expire at the end of this year. Unless Congress and the President act soon, the bright light of the clean energy industry will likely be extinguished for the short term, potentially costing the U.S. economy as many as 116,000 jobs.

The clean energy incentives included in the House’s clean energy tax package would not only stimulate the economy in the short-term by continuing job creation and spurring investment, but also would help solve global warming and promote and retain long-term development and growth in the clean energy technology industry.

We urge the Senate and President Bush to support the House of Representatives in boosting our clean energy economy.”