ByTsvetana Paraskova– Feb 05, 2025, 4:37 AM CST
U.S. clean energy groups and hundreds of their member companies are beginning on Wednesday a series of meetings with members of Congress to lobby the Trump Administration to keep the tax credits from the Biden-era climate and infrastructure laws.
President Donald Trump reversed most of Biden’s energy and climate policies on Day One, signing a series of executive orders to boost oil and gas production, expand areas for drilling, withdraw from the Paris Agreement (again), halt offshore wind permits until a review into the economics is made, and eliminate the so-called “electric vehicle (EV) mandate.”
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President Trump has also pledged to repeal Biden’s Inflation Reduction Act (IRA), which offers various tax credits to clean energy producers.
The trade groups, representing more than 2,000 U.S. companies, are set to hold more than 100 meetings with lawmakers, in a “lobbying blitz” on tax credits, the Solar Energy Industries Association (SEIA) said on Wednesday.
The clean energy coalition will argue that the tax credits create employment and generate private investments, including in Republican states, and help meet the growing power demand in the United States.
Hundreds of companies in the solar industry wrote in a letter to the members of Congress that since the passage of solar and storage manufacturing incentives, 64 new factories have come online in the United States, with an additional 44 factories under construction covering 43 states and Puerto Rico. With these incentives in place, American solar and storage manufacturing is on track to employ 100,000 people across the country by 2033, the companies say.
The business leaders wrote in their letter to the Congress leaders that the clean energy tax incentives remain essential to curb China’s green energy dominance, boost power capacity to meet rising U.S. electricity demand, create jobs and private investment, and ensure business and energy stability.
“Businesses have relied on these tax policies to plan investments, hire workers, and change their product lines,” the leaders wrote.
“Business leaders have acknowledged that repeal will cause many to eliminate staff or to move their business abroad all together.”
By Tsvetana Paraskova for Oilprice.com
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