Radical CLEAN Future Act could scuttle a strong economy
House Democrats are working hard to use the government’s heavy hand to ban fossil fuels, nationalize U.S. energy production, and waste hundreds of billions of taxpayer dollars on new government projects. You might think this would be Representative Alexandria Ocasio-Cortez’s Green New Deal, but there is a more dangerous proposal that has gained momentum and could in fact become law: the CLEAN Future Act. The 1,000-page bill contains a mishmash of sweeping ‘GND’ inspired provisions, so it is imperative that it does not approach the president’s office or it could extinguish the light of our thriving US economy. .
Given the consensus among members of the scientific community that high levels of greenhouse gas emissions lead to negative effects from climate change, it is high time that lawmakers addressed the issue. The prescription for tackling climate change, however, rests on a market-centric approach that fosters competition from the private sector by lowering government-erected barriers. Innovative solutions driven by the free market, and not by big government bureaucrats, will translate into better eco-friendly outcomes. Fortunately, House Republicans buy into this approach and have introduced dozens of common-sense bills to help America win the energy future.
Sadly, Democrats in Congress believe government is the panacea for all societal and global ills. The CLEAN Future Act reads like a mess cobbled together from the demands of every environmentalist wishlist. There is no doubt that if this bill becomes law it will lead to higher consumer energy prices, fewer jobs and more government control over our lives.
The cornerstone of this comprehensive climate bill is to reduce greenhouse gas pollution to 50% below 2005 levels by 2030 at the latest and establish a national target for states -United to achieve a 100% clean economy by 2050. He directs the head of each agency to develop a plan to achieve the overall national goal in collaboration with all other federal agencies. In addition, electricity transmission should be 100% “clean” by 2035. This means taking all non-renewable power plants out of service over the next decades.
Renewable energy is an important and growing part of the overall energy portfolio, but vested interests should not have to use harsh and unrealistic government mandates to bankrupt their competitors. It is wrong to use the power of the federal government to choose the types of energy allowed; instead, lawmakers should employ an “all of the above” strategy. Letting the market choose is the fairest and most efficient way to lower prices and protect jobs. In addition, free market competition has benefited all consumers by reducing energy costs for taxpayers while reducing US production of CO2.
The authors of the CLEAN Future Act propose to spend $ 565 billion in US taxes to achieve these goals. This figure also does not include the higher electricity tariffs that will be added to our monthly electricity bills, as the transition to clean energy is not free.
The less serious climate proposals of the Green New Deal style should be quickly rejected.
Thomas Aiello is Policy and Government Affairs Associate with the National Taxpayers Union.