ACC: Tax credits encourage clean-energy manufacturing

04/19/2010 | New York Times (tiered subscription model), The

Any federal policy to reduce greenhouse-gas emissions should include incentives to encourage innovations in clean energy and low-emissions manufacturing, the American Chemistry Council said. "ACC fully supports the effort to encourage investment in energy efficiency and retooling for clean-energy manufacturing via programs such as a manufacturing revolving-loan fund, expansion in the 48(c) advanced-energy manufacturing tax credit, and other tax incentives," the trade group said in a statement. A tax credit helped Dow Chemical develop an auto battery that works using clean-energy technology, ACC said.

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