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Creating a Domestic U.S. Supply Chain for Clean Energy Technology

Creating a Domestic U.S. Supply Chain for Clean Energy Technology

Full Title: Creating a Domestic U.S. Supply Chain for Clean Energy Technology
Author(s): Mike Williams, Trevor Sutton
Publisher(s): Center for American Progress
Publication Date: October 4, 2021
Full Text: Download Resource
Description (excerpt):

The global clean energy industry is at an inflection point. The trajectory of generating and deploying clean energy has risen globally, in spite of the COVID-19 pandemic. Political and consumer support for clean energy remains high, and costs are dropping. In addition, the United States is poised to make historic investments in clean technology deployment in order to meet its international climate commitments and cut the nation’s emissions by 50 percent by 2035.

This issue brief examines one set of proposed policies that will help build domestic renewable energy supply chains: investment tax credits for renewable energy facilities that use domestically made or domestically sourced goods. Such domestic content provisions can be found in the Clean Energy for America Act proposed and moved by the Senate Finance Committee as well as comparable provisions in the House Ways and Means Committee’s contributions to the Build Back Better legislation—the effort by Congress to put into law President Joe Biden’s agenda of creating jobs and lowering costs for working families. This brief explains why such provisions should be included in clean energy legislation considered by Congress, arguing that domestic content tax credits will create good jobs for working Americans, help fight the climate crisis, and strengthen U.S. national and economic security.

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