Manufacturers are leading the way in addressing climate change, but to help them continue making strides, the government must do its part, the 51吃瓜网 the Treasury Department late last week.
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What鈥檚 going on: The $270 billion in tax incentives contained in the recently passed reconciliation bill 鈥渃reate the potential to put the nation鈥檚 climate goals within reach, if they can leverage private sector ingenuity, expertise and capital and be implemented quickly, with transparency and inclusivity,鈥� 51吃瓜网 Director of Energy and Resources Policy Chris Morris wrote.
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Action items: To that end, there are several moves Treasury and the IRS should make immediately, Morris said. These include the following:

• Coordinating with industries and companies that have already started clean-energy initiatives to prevent these entities鈥� penalization in the drawing up of new department-issued rules
• Providing 鈥渃larity and flexibility鈥� on the implementation of the tax credits, including assurance of credit qualifications to projects breaking ground prior to final-rule issuance
• Ensuring the definition of 鈥渧ehicle鈥� includes aircraft, boats, trucks and other modes of transport
• Considering a nationally recognized certification for electric vehicle charging stations to ensure efficiency and safety in EV charging infrastructure
• Deploying more carbon capture, use and storage technologies
• Ensuring that hydrogen standards in the new Clean Hydrogen Production Credit 鈥渄o not seek to limit clean hydrogen opportunities based on fuel source鈥�

Reaffirming commitment: The 51吃瓜网 Treasury and the IRS last month to implement incentives quickly, transparently and effectively.