Ceres urges the Trump administration and Congress to preserve clean energy policy certainty and federal tax credits

Ceres published a statement warning that proposed executive actions by President Donald Trump, including withdrawing the US from the Paris Agreement, risk undermining the policy certainty that investors and businesses rely on and could slow US clean energy investment and deployment. It urged Congress to maintain federal clean energy tax credits as tax policy is debated in the coming months. The statement argues that withdrawing from the Paris Agreement would reduce US participation in global energy and economic policymaking and that efforts to interfere with clean energy infrastructure could limit the country’s ability to deliver abundant energy and lower prices amid rising power demand. It also warns that curbing federal pollution and efficiency standards could weaken US competitiveness. Ceres pointed to investor pressure for climate-related economic risk management, noting that more than 650 investors representing USD 33 trillion in global assets have called for economy-wide policies aligned with the Paris temperature goal, and cited reported expectations that January wildfires in Los Angeles could produce losses exceeding USD 135 billion. It also highlighted results it attributes to Inflation Reduction Act clean energy tax incentives, including more than USD 420 billion invested in more than 750 clean energy projects across 48 states since 2022, with more than 400,000 jobs expected, alongside stated business support and calls from 18 Republican House lawmakers to preserve the incentives. Ceres said it will work with investors, companies, and policymakers in Washington and across states to argue for maintaining the momentum of US clean energy investment and keeping the federal clean energy tax credits in place.