NEMA reacts to Energy Policy Act
National Electrical Manufacturers President Evan Gaddis told members of the Commercial Building Tax Deduction coalition that the provision in the Energy Policy Act of 2005 mandating tax incentives for achieving national energy efficient goals "is a win for everyone, the government, industry and the public. We're going to do our level best to promote this program, encourage builders, architects, manufacturers and others to take advantage of it, and work with government toward speedy, effective implementation of the law."
Representatives of nearly 40 organizations attended the second meeting of the coalition, which was convened by NEMA in October. Members include standards organizations, manufacturers, building and trade associations, government officials, energy efficiency groups and others.
At a press briefing, Gaddis emphasized the strengthening partnership between the Department of Energy (DOE), the Environmental Protection Agency (EPA), and members of the business community determined to encourage the use of energy efficient equipment and systems.
Harry Misuriello, director of buildings and utility programs at the Alliance to Save Energy, said that the full implementation of the tax incentives in the Energy Policy Act of 2005 would save the nation two quads of energy, with attendant environmental benefits and reduction of pollution. The U.S. consumes about 100 quads of energy per year. Misuriello added that more would be saved if the tax provisions were extended beyond the two years currently called for in the law. That sentiment was echoed by many in the coalition.
Ed Wisniewski, deputy director of the Consortium for Energy Efficiency (CEE), whose utility members serve roughly 50 percent of the nation's consumers, said that the formation of such a diverse coalition is "a golden opportunity" to work together to contribute to wise energy stewardship.
Coalition members outlined a plan to submit recommendations on implementation to the Department of Energy prior to DOE's guidance to the U.S. Treasury, which must, in turn, release tax guidelines for the legislation by the end of the year.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey