Washington, D.C. — Today, President Joe Biden announced a set of actions to invest in domestic solar manufacturing and give a major boost to the nation’s overall clean energy economy. This includes invoking the Defense Production Act to provide loans and grants for the domestic manufacture of renewables, efficiency, batteries, and other clean energy technologies for the first time. In response, Christy Goldfuss, senior vice president for Energy and Environment Policy at the Center for American Progress, released the following statement:
Today’s announcement is a historic first. It puts the climate crisis on par with other threats to our nation’s well-being and recognizes that we have the tools to tackle it. Invoking the Defense Production Act to bolster U.S. energy security by strengthening our domestic manufacturing base for clean energy here at home is exactly what our country needs now. By investing in home-grown American clean energy, President Biden is creating jobs and turbocharging the renewable energy industry, tripling our current solar capacity by 2024. He’s also laying the foundation for clean energy to be a key element of our national security and economic growth. Investing in this economy of the future will reduce our reliance on volatile fossil fuels, which are controlled by foreign dictators and vulnerable to price shocks we’re seeing today.
Now, it’s time for Congress to follow through with a decade of sustained investment to build our nation’s clean energy manufacturing capacity.
For more information or to speak with an expert, please contact Sam Hananel at [email protected] or 240-899-9436.