The leaders of America’s solar and wind energy trade associations last Friday held a joint news teleconference to highlight immediate action needed to achieve President-elect Obama’s vision for alternative energy. The two executives discussed the impact of the global economic crisis on the renewable energy industries and the urgent need for immediate Congressional action to ensure that the momentum these industries have built up over the past decade continues.
The solar and wind industries have experienced record-breaking growth in recent years and demonstrated their ability to create tens of thousands of jobs. But projects are now being put on hold and workers laid off because available tax incentives are ineffective in current financial market conditions.
The two industry leaders discussed prospects for help in economic recovery legislation now being developed. President-elect Obama and many members of the 111th Congress have expressed a desire for quick action to support growth in renewable energy investment, recognizing the key role that renewables can play in addressing some of our nation’s most pressing challenges: economic recovery, energy independence, and global climate change.
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