Today, Governor Josh Stein addressed the Emerging Issues Forum at NC State University, emphasizing his energy priorities and calling on Congress to help reduce costs for North Carolinians by safeguarding clean energy initiatives in the state.
“North Carolina is a leader in the clean energy economy, and we are home to more than 20,000 clean energy jobs and $24 billion in clean energy investments,” said Governor Josh Stein. “Our state is well-positioned to continue that success, and I urge Congress to protect the clean energy investments that have contributed to our state’s prosperity.”
Governor Stein remains committed to fostering North Carolina’s expanding clean energy sector. Recently, he attended the opening of Boviet Solar’s new solar module manufacturing facility in Greenville, which has already generated nearly 400 jobs with more expected. Additionally, as part of his second recovery budget announcement last week, Governor Stein proposed allocating $239 million towards enhancing critical infrastructure in western North Carolina, including projects aimed at disaster prevention.
The potential repeal of the Inflation Reduction Act by Congress poses a threat to North Carolina’s economy. It could result in the loss of tens of thousands of jobs by 2030 and billions in clean energy investments facilitated by tax credits for clean energy and manufacturing. The repeal might also increase electricity costs for families in North Carolina by $200 annually. Governor Stein is urging North Carolina’s congressional delegation to help lower costs for families by maintaining the Inflation Reduction Act’s clean energy tax credits.
