Oregon Econ Boost from Build Back Better Act

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Oregon Econ Boost from Build Back Better Act
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Oregon Econ Boost from Build Back Better ActSALEM — A new NRDC analysis shows that the Build Back Better Act, as it currently stands, has

shows that the Build Back Better Act, as it currently stands, has the potential to significantly accelerate clean energy investment, economic activity, and job growth in Oregon. The Senate now needs to pass the Build Back Better Act as soon as possible to bring these climate and economic benefits to states across the country.NRDC Western Campaigns Director.

$5 billion for low-carbon projects in communities impacted by closures of fossil infrastructure like refineries or coal plants “Enacting the Build Back Better agenda is a crucial and critically-needed investment in our nation’s future,” said. “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 tax incentives included in the legislation are flexible and accessible to support all types of developers who will usher in the fastest — and most sustained — build-out of renewables in the country’s history. The incorporation of labor standards such as prevailing wage and domestic content requirements on clean energy credits will help increase American manufacturing and ensure that the jobs created are good jobs.

report from E2. This includes 38,262 in energy efficiency, 7,120 in renewable energy, and 2,596 in clean vehicles. The clean energy sector in Oregon grew 3.6 percent between 2018 and 2020, and the Build Back Better bill legislation could accelerate that growth in the coming years.

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