NRDC Releases New Economic Data on Clean Energy Legislation

Clean Energy Legislation Passed by the House is a Bargain for U.S. Households, Costing Less than a Postage Stamp a Day

Statement by Dan Lashof, Director of the Climate Center at the Natural Resources Defense Council:

“The American Clean Energy and Security Act is a win-win for our economy and our environment. Under ACES, there will be more jobs, less global warming pollution and greater security, all for less than the cost of a postage stamp a day. These are the conclusions of ‘A Clean Energy Bargain,’ an analysis released today by NRDC.”

“Under ACES we will invest less money in polluting fossil fuels and more in clean energy and energy efficiency. The report found that ACES will drive investments in clean energy and energy efficiency of more than $300 billion by 2030. This is good news because the Political Economy Research Institute recently concluded that clean energy investments create 3.2 times as many jobs as fossil fuel investments.

A Clean Energy Bargain’ concludes that implementing ACES will cost American households an average of 25 cents per day. This is consistent with previous estimates from the Environmental Protection Agency, the Department of Energy’s Energy Information Administration and the Congressional Budget Office.

“This report found that climate legislation will change where the United States gets its oil. Limits on global warming pollution will reduce oil demand and increase the use of carbon dioxide for enhanced oil recovery. This will lead to a reduction in U.S. oil imports by as much as five million barrels a day.”