The American Clean Energy and Security Act is probably the biggest opportunity in generations to jumpstart our economy; create millions of good, new, jobs; and set the stage for America to prosper and lead in a 21st century economy, while reducing global warming pollution at the same time.
While China and India made massive investments in developing clean energy, oil and coal lobbyists are desperately trying to put the brakes on clean energy development in the US.
According to Achim Steiner, UN Under-Secretary General, clean energy investment in the United States fell by 2% in recent years, but in 2008 China became the world’s second largest wind market in terms of new capacity and the world’s biggest photovoltaic manufacturer. A rise in geothermal energy may be getting underway in countries from Australia to Japan and Kenya.
Meanwhile, Wall Street Journal reports from a few days ago reveal that sustainable energy investment in India went up to $3.7billion in 2008, up 12% since 2007.
If Americans are serious about wanting to restore prosperity and lead the 21st century global economy, T4America and others argue that we must level the playing field for new energy industries and limit the entitlements and tax breaks and government handouts that have been par for the course for the energy industries that ruled last century.
T4 America calls on Congress to strengthen the bill through three amendments:
- Amendment #1: Ensure more clean energy for America. Increase the Renewable Electricity Standard to 30 percent by 2020. Support renewable energy and energy efficiency to deliver more clean energy jobs to the U.S. economy more quickly.
- Amendment #2: Hold Polluters accountable. Restore authority to the EPA to regulate carbon emissions from power plants under the Clean Air Act.
- Amendment #3: Create more clean energy jobs for America and build resiliency to climate change. Reduce allocations to polluting industries in order to supplement allowance accounts that would bolster green job development and would protect vulnerable communities that are impacted first and worst by climate change. Shave allocations from fossil fuel producers and redistribute them to programs that deliver energy efficiency and renewable energy, create green jobs and train workers to fill them, and protect natural resources here and around the world.
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