According to the Brookings Institution, 2.7 million Americans are employed by the clean energy economy, which is more than are employed in the fossil fuels sector. Over the next few decades, the green energy sector is projected to be worth trillions of dollars and to create millions of new jobs, and we must ensure that American companies are able to compete in the worldwide race to create the technology of the future.
The Renewable Energy Production Tax Credit (PTC) has played a critical role in our green energy economy, particularly with the wind industry in Illinois. More than 100,000 people are employed in the wind industry alone, and much of that growth has resulted from the PTC. We must act quickly to renew the PTC so that wind energy and jobs continue to grow.