Skip to main content

Congressman Panetta Secures Key Legislative Provisions in the Growing Renewable Energy and Efficiency Now (GREEN) Act



Legislative Package Introduced by the House Ways and Means Committee
WASHINGTON, DC – On Tuesday, November 19, Congressman Jimmy Panetta (CA-20) released the following statement after the House Committee on Ways and Means introduced draft legislation, the Growing Renewable Energy and Efficiency Now (GREEN) Act to invest in green energy and efficiency and combat climate change.
"We on the Ways and Means Committee are committed to enacting policies that will tackle the climate crisis, build more resilient infrastructure, and boost the clean energy sector and creation of green jobs. The GREEN Act is an important step in achieving those goals by building on current successful tax incentives that promote the development of green energy and promotion of efficiency improvements," said Congressman Panetta.
The GREEN Act includes Congressman Panetta’s legislation, H.R. 5163, the Green Bus Tax Credit Act, to create new tax credits for electric or hydrogen fuel cell buses. It also includes provisions of his legislation, H.R. 2040, the Clean Energy Production Parity Act to spur investment in high efficiency, low emission linear generators.  The bill also includes key priorities of the Congressman’s including an extension of the investment tax credit (ITC) for solar energy, and new incentives for energy storage that will be critical to renewable energy deployment.
The legislation also takes an important step in determining how Environmental Protection Agency (EPA) data can be used to price greenhouse gas emissions, which would facilitate the administration of Congressman Panetta’s Climate Action Rebate Act, H.R. 4051.
"I am proud that the GREEN Act includes elements of my bills to develop and deploy zero-emission public transportation and invest in the emerging technology of high efficiency linear generators, and to promote renewable electricity deployment.  It’s those types of provisions in this type of serious, substantive, and commonsense legislation that will actually allow us to advance in our generation’s ongoing fight against climate change," said Congressman Panetta.
The GREEN Act includes provisions to:
Increase deployment of renewable electricity with production and investment tax credits for technologies such as solar, wind, and other clean energy sources, and expand the investor base in these technologies
Provide new support for investments in energy storage, biogas, and waste heat recovery
Expand incentives for energy efficiency and conservation in homes and buildings, with updated standards
Support widespread adoption of zero-emission cars, vans, and buses through tax credits for purchasing vehicles
Provide credits for universities to study impacts of and solutions to environmental stressors in minority and low-income communities.
Require the Treasury Department to examine the feasibility of pricing greenhouse gas emissions using existing emissions reporting data from the EPA.
The GREEN Act discussion draft is supported by the following organizations: Alliance to Save Energy, American Biogas Council, American Council on Renewable Energy, American Public Power Association, American Wind Energy Association, Baseload Power Association, Biomass Power Association, Citizens' Climate Lobby, Electric Drive Transportation Association, Energy Storage Association, Environmental Defense Fund, Fuel Cell and Hydrogen Energy Association, League of Conservation Voters, National Hydrogen and Fuel Cell Association, National Resource Defense Council, National Wildlife Fund, Sierra Club, Solar Energy Industries Association, Union of Concerned Scientists, and U.S. Green Building Council.

Comments

Post a Comment

Popular posts from this blog

Fatal 3 Vehicle Accident Involving Wrong Way Driver on Highway 101 Outside of King City on January 10

  A fatal multi-vehicle collision happened on Saturday night, January 10 at 9:51 p.m. on northbound Highway 101 outside of King City. According to the King City CHP a 2016 Toyota Tacoma driven by 65-year-old Paul Lee Cooper of Otis, Oregon was heading the wrong way going southbound in the northbound lanes south of Jolon Road, while a 2006 Toyota Corolla driven by 33-year-old Dinora Maribel Gomez of Salinas was heading northbound on Highway 101 south of Jolon Road in the #1 lane and a Honda Accord driven by 36-year-old Ignacio Sangerman of King City was also traveling northbound on Highway 101 south of Jolon Road but was in the #2 lane. Due to Cooper's level of impairment his vehicle went the wrong way on Highway 101 going directly into the path of Gomez' vehicle causing the rear of her car to crash with the front of the vehicle driven by Sangerman. Cooper was arrested, sustaining major injuries and was transported to Natividad Medical Center in Salinas where as of January 12 is...
Post a Comment
Read more

Monterey County DA Releases Preliminary Information Concerning an Officer Involved Shooting Incident that Occurred Outside of Soledad on December 16

  SALINAS, California- Monterey County District Attorney Jeannine M. Pacioni on December 19 released preliminary information concerning the officer involved shooting (OIS) which occurred at about 1:20 a.m. outside the city of Soledad on December 16, 2025. Just before 1:00 a.m., Monterey County Sheriff’s Deputy Carlos Pina, who has been a peace officer for 10 years all with MCSO, and Deputy Blain Councilman, each in separate patrol cars, were dispatched to 32097 McCoy Road. A resident at the farm labor camp reported a suspicious individual with a handgun whose white Honda 4 door sedan was parked in space 18 at the complex. Before parking there, the suspect drove around and around, stopped in front of the reporting party’s (RP’s) truck, and got out. The RP could hear music. Deputy Pina drove the lead patrol car and arrived just after 1:20 a.m. His dashcam video, which does not record sound but which he installed on his own and at his own expense, depicts the following: He drove down ...
Post a Comment
Read more

King City City Council Announces Selection of José Arreola as New City Manager

  January 7, 2025-Following an extensive recruitment process, José Arreola has been selected by the King City City Council to be its next City Manager. Arreola will replace Steve Adams, who is retiring after serving in the position for the past 10 years. Arreola was selected from 31 applicants and 8 finalists for the position. The King City City Council will formally consider the proposed city manager contract at its meeting on Tuesday night, January 13. Arreola's first day on the job is scheduled to be February 23.    José Arreola has a distinguished career of serving the community with a particular commitment to youth. He has worked for the City of Salinas for 12 years as their Community Safety Program Manager, Community Safety Administrator and Assistant to the City Manager. Among other responsibilities, Arreola has led several programs to eliminate gang violence which aligns well with the City of King’s efforts and priorities. Prior to that, Arreola worked as an Educa...
Post a Comment
Read more