As Congress prepares to consider reconciliation legislation, the Copper Development Association (CDA) released the following statement from Andrew G. Kireta, Jr., president and CEO at CDA:
"Passage of the biggest clean energy investment in our nation’s history will signal America’s commitment and leadership in accelerating global clean energy adoption. Funding of the Energy Security provisions of the Inflation Reduction Act will undoubtably bolster the U.S. economy and improve national security."
Recent global conflicts, supply chain constraints, and inflation offer timely reminders of the need for the U.S. to strengthen its energy security. The deal includes tax credits and provisions for electric vehicles, electric school buses, solar and wind applications, and energy storage that will pave the way toward a cleaner, more affordable, and secure future for all Americans.
Copper is a critical component for all these clean energy technologies, and our members are ready to support Congress and the Administration in building a better world. We look forward to final passage and implementation of those provisions.
Copper Development Association Inc. (CDA) is a U.S.-based, not-for-profit association of the global copper industry, bringing together the North American copper and copper alloy semis fabricators and global copper mining and production industries. CDA is committed to promoting the proper use of copper materials in sustainable, efficient applications for business, industry and the home.