By Cailin Crowe, Smart Cities Dive
A group of multinational corporations — including Apple, Microsoft and Walmart — and small to medium enterprises have signed a letter urging the Biden administration to pursue an ambitious federal climate target, or national determined contribution (NDC), that will reduce greenhouse gas (GHG) emissions at least 50% below 2005 levels by 2030.
Led by the “We Mean Business” coalition and nonprofit sustainability advocacy group Ceres, the companies that signed the letter each have business operations in the U.S. and share the goal to halve emissions over the next decade to help the country reach net zero emissions by 2050.
Read more here.
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- FACT SHEET: The American Jobs Plan, The White House Briefing Room
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The Institute On Taxation And Economic Policy (ITEP) Analyses
The Institute On Taxation And Economic Policy (ITEP) is a non-profit, non-partisan tax policy organization that conducts rigorous analyses of tax and economic proposals and provides data-driven recommendations on how to shape equitable and sustainable tax systems. ITEP’s expertise and data uniquely enhance federal, state, and local policy debates by revealing how taxes affect both public revenues and people of various levels of income and wealth.
PRESIDENT BIDEN’S FY 2022 BUDGET PROPOSAL
- Biden $1.5 trillion budget proposal includes 27% increase in overall clean energy spending, by Catherine Morehouse, Utility Dive. President Joe Biden’s $1.52 trillion budget request for Fiscal Year 2022, sent to Congress on Friday, includes billions of dollars in funding for clean energy, cybersecurity and more. The request follows his $2 trillion proposed infrastructure plan, released earlier this month, that would create a federal clean electricity standard and expand current tax credits for clean energy, among other things.
- Biden budget, infrastructure plan would create standalone storage tax credit, by Jason Plautz, Utility Dive. President Joe Biden’s $1.52 trillion budget request for Fiscal Year 2022 includes a policy making standalone energy storage projects eligible for the federal investment tax credit (ITC), a move that advocates say will unleash new capital for renewable energy. The budget request also included new spending on storage as part of the administration’s goal to decarbonize the energy sector by 2035. Biden’s $2 trillion infrastructure proposal, known as the American Jobs Plan, also included the storage ITC proposal along with $100 billion in power grid investments. A Treasury Department report released last week stated that expanding tax incentives for storage would help put the country on a path to 100% clean electricity by 2035 and “help ensure that the electricity supply is reliable as well as less harmful to the climate.”
- Global Energy Storage: Strong growth ahead for battery storage, by Mike Longson, Analyst, IHS Markit
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FEATURED AMERICANS FOR A CLEAN ENERGY GRID RESOURCE
What Everyone Needs to Know about Transmission: Facts and Sources
To download the full “Facts and Sources” document, click here.
Americans for a Clean Energy Grid (ACEG) is the only non-profit broad-based public interest advocacy coalition focused on the need to expand, integrate, and modernize the North American high-voltage grid. ACEG brings together the diverse support for an expanded and modernized grid from business, labor, consumer and environmental groups, and other transmission supporters to support policy which recognizes the benefits of a robust transmission grid.
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