Experts weigh in on fashion and beauty’s stake in the U.S. Senate’s historic climate bill.
Across the board, the Act supports every industry’s efforts to reduce scope 1, 2 and 3 emissions throughout their supply chains. Investments include everything from electric vehicles to resiliency strategies for farmers facing prevalent extreme weather events, as witnessed in recent Appalachian deluges, West Coast wildfires or ongoing heat waves., is that bigger corporations will have a new 15 percent tax to pay.
Lindsey Casella, vice president of marketing at Recycle Track Systems, similarly highlighted the importance of a low-carbon supply chain transition. Saying the Senate’s precedent in passing this historic package was “much needed,” Casella says the greater investments in energy, infrastructure and agriculture would drive down costs, and ultimately, incentivize companies to bring back raw material productions and manufacturing. It comes out to nearly $400 billion in tax credits over 10 years, glossing up switch-ups to electric vehicles, renewable energy sources, domestic production and more, in turn, taking the heat off of corporate taxes.
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