Arizona could get a massive economic boost if the Biden Administration’s “Build Back Better” Act is successfully passed.
The state could see more than 55,000 new sustainable, cleantech, and electric car jobs created if the historic infrastructure law is passed.
The act aims to greatly accelerate renewable energy investment, economic activity, and job development in Arizona in its current form.
To deliver these climatic and economic benefits to states around the country, the Senate must enact the Build Back Better Act as quickly as possible.
NRDC Western Campaigns Director Sam Gilchrist said: “The Build Back Better Act will bring clean energy investments and good jobs to Arizona.
“More than 56,000 Arizona residents work in the clean energy sector already, specializing in renewable energy, energy efficiency, clean cars, and more.”
“By focusing investments in low-income communities and communities that have relied on the fossil fuel industry, we can support new jobs and businesses in counties that need them most.”
The Build Back Better Act includes historic clean electricity investments, including $150 billion in clean electricity tax incentives, $25 billion for clean energy loans, grants, research, procurement, and more, $20 billion for projects that reduce or avoid emissions by leveraging private sector investment.
NRDC Government Affairs Managing Director John Bowman added: “Enacting the Build Back Better agenda is a crucial and critically-needed investment in our nation’s future,”
“Already, clean energy is the biggest job creator in our country’s energy sector, employing almost three times as many workers as the fossil fuel industry.
“The Build Back Better agenda offers tax incentives to further boost job creation and expand the renewable energy industry, especially in low-income communities, and support a just transition for communities that have relied on fossil fuel revenue and jobs in the past.”
Tax incentives are essential for accelerating clean energy adoption and lowering the cost of renewables and other clean energy sources.
The incorporation of labor standards such as prevailing wage and domestic content requirements on clean energy credits will help increase American manufacturing and ensure that the jobs created are good jobs.
56,504 Arizonans worked in the clean energy sector in 2020, according to the Clean Jobs America 2021 report from E2.
This includes 39,880 in energy efficiency, 10,934 in renewable energy, and 3,188 in clean vehicles.
The clean energy sector in Arizona grew 7.4 percent between 2018 and 2020, and the Build Back Better bill legislation could accelerate that growth in the coming years.
Debate on the bill is continuing, but President Biden is hopeful at least part of it can be agreed soon.
Source: Clean Technica