Several Senate Democrats want airlines to reduce their carbon emissions in exchange for federal aid that could hit $50 billion or more.
House Democrats, meanwhile, are looking at clean-tech tax credits. Those include incentives for electric vehicles, battery storage, offshore wind and solar energy that were left out of a December tax extenders package.
Fatih Birol, IEA’s executive director, has warned the outbreak could spell a slowdown in the world’s clean energy transition unless governments use green investments to help support economic growth through the global slowdown.
“We should not allow today’s crisis to compromise the clean energy transition,” Birol said. He said global governments should use the economic stimulus packages which are being planned to help countries weather the downturn to invest in clean energy technologies.
He added: “We have an important window of opportunity. Major economies around the world are preparing stimulus packages. A well designed stimulus package could offer economic benefits and facilitate a turnover of energy capital which have huge benefits for the clean energy transition.”