Bill > HR7516

This bill, the Clean Energy Innovation and Deployment Act of 2020, aims to advance innovation in and deployment of zero-emission electricity technology through a range of measures. The key provisions include: - Establishing a Clean Energy Deployment Administration to provide direct support, such as loans and loan guarantees, for clean energy technologies and indirect support, such as developing financial products, to promote widespread deployment. - Extending and expanding existing tax credits for electric vehicles, energy efficiency in buildings, renewable energy like solar and wind, energy storage, and carbon capture. - Establishing a zero-emission electricity standard that requires retail electricity suppliers to obtain a certain percentage of their electricity from zero-emission sources, increasing over time to reach 100% by 2050. - Providing incentives like investment tax credits and grants to accelerate the deployment of 100% zero-emission electricity generation. - Protecting low-income ratepayers through programs like the Weatherization Assistance Program. - Supporting the transition of the energy workforce, including by establishing an Energy Workforce Transition Office and Advisory Committee, and providing training and assistance. - Regulating methane emissions from the oil and gas sector to achieve a 90% reduction from 2012 levels by 2030. Overall, the bill aims to drive innovation, deployment, and workforce development to support the transition to a zero-emission electricity system in the United States.

Budget and Finance, Business and Industry, Transportation and Infrastructure

https://www.congress.gov/bill/116th-congress/house-bill/7516/all-info