New Tax Legislation 'Will Accelerate Our Transition to Cleaner Sources of Energy'

Washington, D.C. — New legislation unveiled today will strengthen the nation’s commitments to clean power, energy efficiency, and climate action through the U.S. tax code. The GREEN Act, from Congressman Mike Thompson (D-Calif.) and supported by House Ways and Means Committee Chairman Richard Neal (D-Mass.), will accelerate the United States’ transition to cleaner sources of energy.

"Confronting the climate crisis demands that we use every tool available to achieve net-zero emissions before 2050. We applaud Chairman Neal and Chairman Thompson for collaboratively developing a comprehensive package of clean energy incentives that will unleash tens of billions of dollars of investment and create tens of thousands of good-paying jobs. From responsibly-sited offshore wind power, geothermal, and energy efficiency to energy storage and electric vehicles, the GREEN Act will accelerate our transition to cleaner sources of energy, while allowing more equitable access to the health and economic benefits," said Collin O’Mara, president and CEO of the National Wildlife Federation. "While we must do much more to act on climate, passing the GREEN Act is a critical step forward and likely the best opportunity to take meaningful climate action this year."

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