Over the weekend the 113th Congress largely wrapped up its work. It looks like this Congress will pass just over 200 bills, the lowest number since World War II. However, before leaving home for the holidays, Congress took action on several bills that will affect energy efficiency:
Washington, D.C.—Tax reform will provide Congress with many opportunities to promote energy efficiency and remove barriers through the tax code, according to Tax Reforms to Advance Energy Efficiency, a new report issued today by the American Council for an Energy-Efficient Economy (ACEEE). The report looks at several major changes to the tax code.
Washington, D.C.—Well-targeted energy efficiency tax incentives will result in significant energy savings and will get more energy-efficient products into the market faster, according to Steven Nadel, executive director of the American Council for an Energy-Efficient Economy, who testified before the U.S. Senate Finance Committee today. The Senate hearing focused on appropriate uses of the federal tax code for promoting investments in energy efficiency, particularly in the context of emerging discussions on tax reform.
ACEEE is preparing a series of working papers on how energy efficiency issues might be addressed as part of tax reform. We call them working papers because we are soliciting feedback and comments on these drafts so that our analyses and proposals can be refined. We plan to release final versions of these papers as part of a larger report later this year. We also welcome feedback on additional tax-related topics touching energy efficiency that might be useful to address.
In recent months, the Senate Energy and Natural Resources Committee has been steadily reporting out legislation on a bipartisan basis. Included are bills to: