Build Back Better plan gives Arizona 55,000 new cleantech jobs
Arizona residents can expect a big economic payoff if the Biden administration is able to pass its ‘Build Back Better Act,’ with more than 55,000 new sustainable jobs, clean tech and electric cars in the state to support the Historic Infrastructure Bill. That’s according to new NRDC analysis released this week, the findings of which were revealed in a press release that we’ve reposted in full, below.
Phoenix, Arizona – New analysis from the NRDC shows that the Build Back Better Act, as it stands now, has the potential to dramatically accelerate clean energy investment, economic activity and job growth in Arizona. The Senate must now pass the Build Back Better Act as soon as possible to bring these climate and economic benefits to states across the country.
“The Build Back Better Act will bring clean energy investments and good jobs to Arizona,” said Sam Gilchrist, NRDC Western Campaigns Director. “More than 56,000 Arizona residents are already working in the clean energy sector, specializing in renewable energy, energy efficiency, clean cars, and more. By focusing investments on low-income communities and communities dependent on the fossil fuel industry, we can support new jobs and businesses in the counties that need them most. »
The Build Back Better Act includes historic investments in clean electricity, including:
- $150 billion in tax incentives for clean electricity
- $25 billion for clean energy loans, grants, research, procurement and more
- $20 billion for projects that reduce or avoid emissions by leveraging private sector investment
- $9.7 billion to transition rural electric co-ops away from fossil fuels
- $7 billion for state, local and nonprofit programs to install distributed zero-emissions technologies in low-income and disadvantaged communities
- $5 billion for low-carbon projects in communities impacted by the closure of fossil-fuel infrastructure like refineries or coal-fired power plants
“The implementation of the Build Back Better program is a crucial and indispensable investment in the future of our country,” said John Bowman, Managing Director of Government Affairs, NRDC. “Already, clean energy is the biggest job creator in our country’s energy sector, employing nearly three times as many workers as the fossil fuel industry. The Build Back Better program provides tax incentives to further stimulate job creation and grow the renewable energy sector, particularly in low-income communities, and support a just transition for communities that depended on income and related jobs to fossil fuels in the past.
The Build Back Better Act, passed by the House, contains more than $150 billion in tax incentives for clean electricity, as well as more than $25 billion for loans, grants, research, purchases and other essential clean energy programs. Tax incentives are essential to encourage the deployment of clean energy and reduce the cost of renewable energy and other clean energy sources.
The tax incentives included in the legislation are flexible and accessible to support all types of developers (small and large, for-profit and non-profit) who will usher in the fastest – and most sustained – construction of renewable energy in the country’s history. Incorporating labor standards such as applicable wage and national content requirements on clean energy credits will help increase American manufacturing and ensure the jobs created are good jobs.
56,504 Arizonans worked in the clean energy sector in 2020, according to E2’s 2021 Clean Jobs America report. This includes 39,880 in energy efficiency, 10,934 in renewable energy and 3,188 in clean vehicles. The clean energy sector in Arizona grew by 7.4% between 2018 and 2020, and legislation on the Build Back Better bill could accelerate this growth in the years to come.
Press release from NRDC
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