Groups See Dim Renewable Energy Future
Thousands of renewable energy jobs could be lost unless a tax credit set to expire at the end of this year is extended, industry trade groups said Tuesday.Tax breaks for various clean energy industries, including wind and solar, along with language requiring investor-owned utilities to generate 15 percent of their electricity from renewable sources were left out of the energy bill President Bush signed last month.
About $20 billion in investments yielded nearly 6,000 megawatts of new renewable energy in 2007 along with tens of thousands of jobs nationwide that are now in jeopardy, according to the National Hydropower Association, Geothermal Energy Association, Solar Energy Industries Association and American Wind Energy Association.
The groups urged Congress and President Bush to include renewable energy tax provisions in any economic stimulus bill being developed.
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