The Clean Power Plan that former President Barack Obama (D) enacted had a lot of positives. It would cut average household electricity bills by 7 percent in 2030. At the same time it would create $52 billion in gross domestic product (GDP) and 560,000 new jobs in the US by 2030.
However, President Donald Trump (R) and Republicans are working to repeal the plan, making it a missed chance to make the US greater. The plan has seen some controversy, however, as some states sued the federal government over provisions that would force them to reduce emissions.
Environmental Entrepreneurs (E2) introduced a new report about the Clean Power Plan, Lost Opportunity: How Rolling Back the Clean Power Plan Harms America’s Economy.
“Scrapping the Clean Power Plan will hamper job creation and stifle economic growth, plain and simple,” said E2 executive director Bob Keefe. “For someone who calls himself a job creator, President Trump is rolling right over the 3 million workers in the rapidly growing solar, wind and energy efficiency industries. Adding insult to injury, a rollback would take money out of the pockets of families who could save on their electric bills. Going backward on this important program is a huge opportunity lost.”
Trump signed an executive order in March to begin rolling back the Clean Power Plan. Under the Clean Power Plan states were and are developing plans to reduce their carbon pollution from existing power plants. It also encouraged development of more renewables and if states didn’t develop their own clean power plans, then they would subject to federally developed targets.
In the new report, E2 explained that rolling back the Clean Power Plan, as well as Trump’s controversial decision to withdraw from the Paris Climate Agreement, will prevent the US from being a global leader in climate change. Moreover it will cost the US economy in lost GDP and jobs.
The report looked at multiple scenarios for the Clean Power Plan and found that the scenario that would create the most jobs and create the most growth in GDP is a mass-based compliance approach. Those results, coupled with stronger investments in energy efficiency, could create savings of 2 percent in annual electric sales across the US.Tweet