Category: Recent RTC Policy Activity

Past Events, Recent RTC Policy Activity

Webinar: RTC’s July 29th, 2022 Briefing to the House Manufacturing Caucus

RTC’s July 29th, 2022 Briefing to the House Manufacturing Caucus”
Summary: “The RTC hosted a briefing with the House Manufacturing Caucus on July 26, 2022. The Caucus is a bipartisan educational group of about 100 members of Congress and their staffs focused on issues that are relevant to the advancement of American manufacturing. RTC’s briefing provided an overview of leading renewable thermal technologies for industrial heating and cooling, common deployment barriers, and how federal policy can advance these solutions. The briefing featured a panel of RTC members and sponsors to discuss their successes and challenges with deployment and the key considerations companies face with decarbonizing their thermal demand. Panelists included Rachel Goldstein of Mars, Inc., Andrew Jarrick of Diageo, and Inbal Nachman of Skyven Technologies.

Policy, Recent RTC Policy Activity

RTC Policy Roundtable: Tax Policy for Renewable Thermal Solutions

The Renewable Thermal Collaborative (RTC) held a roundtable discussion on a tax policy proposal aimed at accelerating deployment of renewable fuels and technologies to meet the thermal energy needs of the manufacturing and buildings sectors. The proposal, which was finalized in fall of 2021, would make a range of renewable thermal technologies eligible for a 30% investment tax credit (ITC), similar to tax credits that are already available for renewable electricity technologies. The roundtable discussion included RTC members and sponsors as well as a select group of external organizations ranging from tax experts, to trade associations for specific fuels and technologies, to think tanks and policy advocacy organizations that are engaged on issues similar issues to RTC’s focus. As the RTC’s tax policy proposal was developed as a high-level framework, the roundtable aimed to gather input to further sharpen and refine the proposal, gather views on the evidence base and groundwork needed to advocate for the tax policy proposal, and to build a shared foundation among key stakeholders on the prospects and design of tax policy to advance renewable thermal technologies and fuels.