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New York City Comptroller William C. Thompson, Jr. issued the following statement today regarding a letter he signed on to from the Investor Network on Climate Risk (INCR) to the United States Senate encouraging lawmakers to extend tax credits for clean technologies:

“The United States now confronts the critical challenge of determining how best to transform the energy future of its economy and society. Our dependence on foreign oil and high carbon producing coal is clearly unsustainable. Accelerated development and market adoption of renewable energy technologies, such as solar photovoltaic systems and fuel cells, and renewable sources of energy, such as wind, biomass, and geothermal energy are urgent essentials for a sustainable future.

The federal government must continue to provide effective incentives to stimulate robust development and deployment of technologies that harness renewable resources. Long-term extension of the federal Production Tax Credit (PTC) and the Investment Tax Credit (ITC) are powerful boosters that will help to propel the U.S. economy with renewable energy, energy efficiency, and the creation of new jobs.”

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