February 7, 2023
ACORE Assertion on President Biden’s State of the Union Handle
Assertion From Gregory Wetstone, President and CEO of the American Council on Renewable Vitality (ACORE):
“President Biden as soon as once more confirmed his robust dedication to America’s clear vitality transition tonight. Whereas a lot stays to be accomplished, with the enactment of the Inflation Discount Act (IRA), we now have a transparent pathway towards the clear vitality future that American folks need, and local weather scientists say we desperately want. The laws’s landmark clear vitality tax platform is anticipated to speed up U.S. renewable vitality growth, create lots of of hundreds of good-paying American jobs, and drive a 40% discount in greenhouse gasoline emissions by 2030.
“In keeping with a new evaluation out this week, greater than 100,000 clear vitality jobs have already been introduced in 31 states in simply the few months for the reason that passage of the IRA final August. Right here at ACORE, we undertaking that funding in renewable technology and enabling applied sciences will speed up from the present $50-$60 billion yearly to $90-$100 billion yearly, placing us on the path towards achievement of our nationwide local weather objectives.
“However there are essential challenges alongside the way in which. The renewable progress empowered by the IRA will solely happen if we improve and broaden the nation’s electrical transmission community, which is inefficient, balkanized and antiquated in a lot of the nation. We’d like a twenty first century grid that’s higher capable of face up to more and more frequent extreme climate occasions and can effectively transfer energy from America’s richest renewable useful resource areas to the inhabitants facilities with the best electrical energy demand.
“The renewable sector has been serving to to drive nationwide financial progress for a few years now, however we all know that now we have rather more to do to satisfy the local weather problem. ACORE and its members stand able to work with the Biden administration and congressional leaders on the steps and insurance policies wanted to absolutely understand America’s clear vitality potential.”
About ACORE:
For greater than 20 years, the American Council on Renewable Vitality (ACORE) has been the nation’s premier pan-renewable nonprofit group. ACORE unites finance, coverage and expertise to speed up the transition to a renewable vitality financial system. For extra info, please go to www.acore.org.
Media Contact:
Alex Hobson
Sr. Vice President, Communications
American Council on Renewable Vitality
[email protected] | 202.777.7584 (o) | 202.594.0706 (c)
