Renewable energy industries are vital for America in the 21st century. The US must have a diversity of energy sources including solar power, wind power, hydroelectric, and fossil fuel. We must have the capability to manufacture the vital equipment and supplies in each sector because a healthy energy sector is essential for national and economic security.
For much of the 20th century, the US was dependent on oil supplies from foreign nations, at great cost to our economy, our national security, our foreign policies, and our pocketbook. We must ensure we are never again in that position. We can do that by creating the conditions so that the two most important growth sectors in energy, solar power and wind power, are produced here with equipment and technology developed and located here in America.
Biden’s signature climate change-related spending policy, the Inflation Reduction Act, is said to be going under the knife once Trump takes office in January. But with Republican districts now full of solar, and solar manufacturing facilities, the real risk is changes to the so-called 45X tax credit.
Now that we have re-elected President Trump for a second term to work on achieving his goal of Making America Great Again, it’s time to focus on how to rebuild America’s manufacturing industry because we can’t be great again without a strong domestic manufacturing industry.
CPA will be working closely with President-Elect Trump’s team to craft policies that will make a lasting impact on U.S. trade and industrial policy.
A new solar company called Ebon Solar has secured a $10 million grant from the state of New Mexico, along with $1 million in financing and another $1 billion in a state-backed bond, to build an 834,000-square-foot solar cell manufacturing facility near Albuquerque.
Proposals for new tariffs face a lot of criticism these days, from the media, from economists, and from foreign policy types. Part of the reason is that it’s Donald Trump making the proposals and many in those groups don’t like Trump. But the fact is that tariffs can work to build our economy. They have worked before and they have worked recently as well.
The U.S. Department of Commerce yesterday made a significant preliminary determination in its investigation into solar imports from Vietnam, Cambodia, Malaysia, and Thailand, confirming illegal trade practices through foreign subsidies.
