# Clean Energy Future Through Innovation Act of 2021

This bill is designed to speed up the development and use of clean energy technologies while supporting the transition away from fossil fuels. It does this through a combination of research funding, tax incentives, and new standards for electricity generation.

The bill has five main parts. The first focuses on carbon capture technology—essentially machines that pull carbon dioxide out of the air or from power plants before it enters the atmosphere. The government would invest billions of dollars into researching and testing these technologies, and would offer tax credits and financial support to companies that actually use carbon capture at power plants. The second section pushes innovation in renewable energy like solar and wind, energy efficiency improvements, and battery storage systems. It extends and expands tax credits for these technologies and includes specific programs to help make heat pumps and other efficient heating systems more affordable for homeowners. The third section supports nuclear power plants, both existing ones and new advanced reactor designs, through tax credits and loan guarantees.

The most significant part is the fourth section, which establishes a "clean electricity standard." This means the federal government would require electricity providers to gradually increase the percentage of their power that comes from clean sources—whether that's renewables, nuclear, or fossil fuels with carbon capture. The bill also includes requirements that construction projects use apprentices and that companies meet certain labor standards when receiving these benefits. Overall, this bill represents a major federal investment in clean energy infrastructure and technology, with the goal of making clean electricity cheaper and more available while creating jobs in the energy sector.

Clean Energy Future Through Innovation Act of 2021

McKinley, David B.

Clean Energy Future Through Innovation Act of 2021 This bill establishes a variety of incentives and programs to reduce carbon dioxide emissions from the power sector, including incentives and programs to (1) develop low- and zero-carbon power technologies (e.g., technologies to capture, use, and store carbon from coal and natural gas); (2) support certain renewable energy, energy-efficiency, energy storage, and clean electricity technologies; and (3) support nuclear energy.