In the United States, President Barack Obama has placed a strong emphasis on the development of renewable energy projects. Reuters reports that Obama’s investment in climate change strategies could create more green technology jobs.??
Brian Deese, deputy director of the National Economic Council, noted that Obama wants to see environmental firms invest in research and projects. Additionally, the Obama administration could use different types of legislation to promote its green technology industry goals.??
“The way that corporate tax reform gets done could have a dramatic effect, long-term, about the incentives for investment in the United States for different types of technologies, [including] renewable technologies,” Deese told the news source.??
Green technology companies could noticeably reduce their operating expenses and improve their productivity if several tax credit proposals are approved. Obama has supported the extension of the wind production tax incentive in the past, and Deese stated that some tax breaks for traditional fossil fuel production have been a part of the U.S. tax code for years.??
If environmental firms have more resources available, these businesses could expand their work teams by bringing in trained professionals to fill important roles with their companies.??
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