House Bill 4112 paves the way for Oregon to become a global leader in clean technology, boosting the local economy and creating high-quality jobs.
Unlocking Oregon's Potential: House Bill 4112 and the Clean Energy Revolution
( Credit to: Newsfromthestates )
Oregon is on the cusp of a transformative moment for its economy and climate. However, limited support for clean energy technology has hindered the state's ability to thrive. To overcome this challenge, the passage of House Bill 4112 is crucial in unlocking Oregon's potential and establishing it as a powerhouse in the clean energy revolution.
Oregon has yet to fully capitalize on the ripe landscape for growth and innovation in clean energy. While the federal Inflation Reduction Act offers $60 billion in incentives for domestic manufacturing across the clean energy supply chain, Oregon has been conspicuously absent from the map of private clean tech manufacturing investments.
House Bill 4112 represents the culmination of 18 months of collaborative effort involving businesses, innovators, labor groups, academics, economic development organizations, and climate advocates from across Oregon. This bill offers a comprehensive approach to maximize the state's potential in attracting, expanding, and sustaining clean energy technology industries and manufacturers.
Creating an Opportunity Fund to Boost Oregon's Economy
House Bill 4112 proposes the creation of an opportunity fund within Business Oregon, the state's economic development agency. This fund would provide the necessary incentives to attract, expand, and sustain clean energy technology manufacturing facilities within Oregon. By doing so, the bill aims to boost the local economy and create high-quality jobs for Oregonians, positioning the state as a hub for clean energy innovation.
Prioritizing Zero-Emission Technologies:
The bill also directs the Department of Administrative Services to develop procurement policies that prioritize zero-emission technologies. This initiative would foster local job creation and manufacturing while driving the adoption of clean energy solutions. By aligning state procurement with clean technology goals, Oregon can further solidify its position as a leader in the rapidly evolving clean tech market.
Establishing a Statewide Advisory Council for Ongoing Support
To ensure ongoing support and foster a thriving clean energy ecosystem, HB 4112 proposes the establishment of a statewide advisory council within the governor's office. This council would bring together public and private stakeholders, playing a crucial role in identifying growth opportunities, removing barriers to entry, and maintaining Oregon's competitiveness in the clean tech market.
Widespread Support and Urgency:
HB 4112 enjoys widespread support from a diverse coalition of stakeholders, including major technology companies, clean energy developers, academic institutions, labor unions, climate advocates, and local businesses. Recognizing the urgent need for legislative action, these groups are eager for Oregon's leaders to prioritize the passage of HB 4112 during the current legislative session.
Seizing the Moment: Oregon's Path to Clean Technology Leadership
Oregon has a unique opportunity to position itself as a beacon of clean technology leadership for generations to come. By embracing House Bill 4112 and unlocking the state's clean energy potential, Oregon can become a hub for innovation, drive economic prosperity, and lead the way towards a cleaner, brighter future for the state and the planet.
In conclusion, House Bill 4112 is a vital step towards propelling Oregon to the forefront of the clean technology revolution. By providing the necessary tools and incentives, this bill will enable the state to attract, expand, and sustain clean energy technology industries and manufacturers. With widespread support and an urgent need for action, Oregon has the opportunity to shape its future as a global leader in clean technology.
