CEBA Members Urge Congress and Administration to Pass Clean Energy Investment Package
Washington, D.C. (May 11, 2022) – The Clean Energy Buyers Association (CEBA), which represents 300+ leading energy customers and their partners, calls on Congress and the White House to pass legislation that will lower energy costs, create jobs, mobilize private capital, foster innovation and accelerate carbon-free technologies in the power sector. CEBA’s membership makes up $7 trillion in U.S. revenues and more than 16 million U.S. employees.
Energy customers have voluntarily championed the clean energy transition since 2014, deploying over 50 gigawatts of new wind and solar – equivalent to over 1/3 of all U.S. wind and solar capacity installed in that time. These energy customers have created innovative contracting structures and partnerships to pursue their business-critical goals, accelerating the dramatic cost declines of renewable technologies, mobilizing billions in private investment, and creating jobs across all 435 congressional districts.
To do more, energy customers are not just considering wind and solar but a range of carbon-free technologies, and there’s an urgent need to develop and commercialize the next generation of these technologies. Both the supply and demand side need long-term, stable markets to mobilize and maintain clean energy investments.
The clean energy provisions under consideration by Congress would help address increasing energy costs and price volatility, spurring clean energy development and innovation in existing and next generation technologies, and creating robust markets for clean energy technologies here at home. Without additional investments to bring outdated energy infrastructure into the 21st century, decarbonization of the power sector will be slower, more costly, and piecemeal. For example, technology-inclusive tax incentives could lead to nearly 70% emissions-free power by 2030.
“If legislation is the art of the possible and the support exists in the House of Representatives and the Senate for these once-in-a-generation investments, then the opportunity to take action is now,” said Miranda Ballentine, CEO, CEBA. “We cannot let this moment go to waste.”
It is imperative that Congress and the White House work together now to reach a compromise to pass a package of investments in clean energy that will have lasting benefits for workers, customers, and the country.
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About the Clean Energy Buyers Association
CEBA activates a community of nearly 300 members – representing more than $7 trillion in annual revenues and 14 million employees – to deploy solutions for a carbon-free energy system. Most members are institutional energy customers of every type and size – corporate and industrial companies, universities, and even cities. For more information, visit cebuyers.org and follow on Twitter and LinkedIn.
Media Contact: Marisa Long, 412-877-7592, marisa@inspireprgroup.com