The U.S. Treasury foregoes about $18 billion of revenue each year as a result of energy-related tax incentives. While incentives have the potential to be a powerful tool to drive clean energy innovation, they too frequently reward well-established incumbent technologies or target technologies that are not mature enough to benefit from them. Given the imperative of accelerating innovation to combat climate change, it is long past time that Congress reformed these policies to more effectively drive needed clean energy innovation.
ITIF hosted a briefing on a new report about using tax incentives to drive clean energy innovation and an expert panel discussed key issues and congressional activity on the issue.
Coffee and donuts provided.