Congress' Clean Energy Plans Carry Major Market Implications

Law360 (September 11, 2019, 2:41 PM EDT) -- A recent flurry of congressional activity has further spurred the debate on the extension and expansion of federal support for clean energy initiatives. The introduction of the Renewable Electricity Standard Act[1] and Renewable Energy Extension Act[2] supplemented a proposed plan[3] within the House Committee on Energy and Commerce for comprehensive legislation to achieve a 100% “clean economy” by 2050.

A national renewable electricity standard paired with an extension of the energy investment tax credit, if enacted, would encourage the growth of renewable energy investment and installation. Moreover, many states continue to implement and refine their own policies to encourage renewable resource...

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