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The Natural Resources Defense Council works to safeguard the earth – its people, its plants and animals, and the natural systems on which all life depends.
Jesús Canchola Sánchez
jcanchola@nrdc.org, 312-847-6808
LANSING, MI — A new NRDC analysis shows that the Build Back Better agenda, as it currently stands, has the potential to significantly accelerate clean energy investment, economic activity, and job growth in Michigan. The Senate needs to address the provisions as soon as possible to bring these climate and economic benefits to states across the country.
“The stakes are enormous. This agenda recognizes that there is tremendous economic opportunity in tackling the climate crisis,” said Derrell Slaughter, Michigan Clean Energy Advocate at NRDC (Natural Resources Defense Council). “Michigan is ready to seize upon this opportunity. A healthy economy starts with healthy people, healthy communities and a healthy environment.”
Projected benefits of the Build Back Better agenda in Michigan include:
The full fact sheet can be seen at: https://www.nrdc.org/sites/default/files/clean-electricity-bbb-mi-fs.pdf
“Enacting the Build Back Better agenda is a critically-needed investment in our nation’s future,” said John Bowman, Managing Director for Government Affairs at NRDC. “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.”
Background:
The House-passed Build Back Better agenda contains more than $150 billion in clean electricity tax incentives as well as more than $25 billion for clean energy loans, grants, research, procurement, and other essential programs. Tax incentives are critical to driving clean energy deployment and reducing the cost of renewables and other clean energy resources.
The tax incentives included in the legislation are flexible and accessible to support all types of developers (small and large, for-profit and not-for-profit) who will usher in the fastest—and most sustained—build-out of renewables in the country’s history. New bonus credits for projects built that meet strong labor standards, create well-paying jobs, and drive equitable access to clean energy resources.
113,456 of Michiganders worked in the clean energy sector in 2020, according to the Clean Jobs America 2021 report from E2. This includes 10,767 in renewable energy, 74,242 in energy efficiency, and 24,268 in clean vehicles. The clean energy sector in Michigan grew 3.4% percent between 2018 and 2020, and the Build Back Better agenda could accelerate that growth in the coming years.
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