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U.S. Senator calls for Extension of Renewable Energy Tax Credits

By: Tom Russell 08/01/2016 Senate Sanders edited by 4C Offshore

General Windfarms

Bernie Sanders, U.S. Senator from Vermont, has introduced legislation that he says would permanently extend the Investment tax credit (ITC) for renewable electricity generation from sources including wind, open- and closed-loop biomass, geothermal, solar, and marine and hydrokinetic energy.

The U.S. presidential candidate claims The American Clean Energy Investment Act of 2015 would stimulate a strong, sustainable economy by spurring massive new investments in renewable energy and energy efficiency and could potentially drive over $500 billion in clean energy investments between now and 2030.

The American Clean Energy Investment Act of 2015 is accompanied by a second bill, The Clean Energy Worker Just Transition Act, both of which are co-sponsored by Sens. Jeff Merkley, D-Ore., and Edward J. Markey, D-Mass.

According to Sanders, The Clean Energy Worker Just Transition Act would help coal miners and other fossil fuel workers and their families by connecting displaced workers with new job opportunities through vocational education and job skills programs. The bills would also provide support so that transitioning workers and their families could maintain family-level wages, health care and pensions until they are able to start new jobs.

“We have a moral responsibility to help working families in the fossil fuel industry find new jobs,” Sanders said. “We must act now to reenergize our manufacturing base, bolster our clean energy economy and protect the livelihoods of these workers and the communities they support.”

Both bills would allocate $41 billion to helping oil, gas and coal workers as they transition out of the fossil fuel industry. According to Sanders, the costs for these proposals are completely offset by repealing all subsidies for fossil fuels and ending the tax breaks that encourage corporate inversions.

Sanders is currently competing against Donald Trump, a controversial US presidential candidate who recently lost his third appeal to quash the European Offshore Wind Deployment Centre in Aberdeen Bay. The billionaire golf resort owner claimed that wind farm that would 'spoil the view' for him and his customers at the Trump International Golf Club Scotland Ltd located in Aberdeenshire.

Earlier this week Sanders commented on his rivals visit to Burlington, his home town: “Donald Trump and I finally agree on something. He wants to run against me. I want to run against him. It would be an extraordinary campaign and I am confident I would win,”

He continued to explain that he is confident that the American people will not support a candidate "who thinks climate change is a hoax invented by the Chinese."

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U.S. Senator calls for Extension of Renewable Energy Tax Credits

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