New Energy Future News

PHILADELPHIA—Investing in clean energy solutions would create 215,308 new jobs and save consumers $27.2 billion, according to a new report released today by PennEnvironment.

Released on the day the Kyoto Protocol goes into force and as the U.S. Congress considers an energy bill built on fossil fuels and nuclear power, Redirecting America's Energy: The Economic and Consumer Benefits of Clean Energy Policies shows how increasing U.S. energy production from renewable sources to 20 percent of the electricity supply by 2020 and shifting billions in proposed subsidies away from coal, oil, gas and nuclear industries toward energy efficiency and renewable energy would generate widespread benefits for consumers, the economy and the environment.

"Almost 140 countries have taken steps toward reducing global warming pollution by ratifying the Kyoto Protocol, yet the U.S. is watching the parade go by while it takes a 'wait and see' approach instead of tackling the problem head-on," said Jen Burdick. "PennEnvironment's report demonstrates that solving our energy problems is an unprecedented opportunity to redirect America toward a cheaper, safer, cleaner and more productive energy future," she continued.

The PennEnvironment analysis compared the economic and consumer impacts of three different energy policies:

1) The final 2004 energy bill conference report (H.R.6) which would have given more than $35 billion in taxpayer subsidies to the coal, nuclear, oil and gas industries and was twice rejected by the U.S. Senate;

2) a 20 percent renewable energy standard with no federal subsidies; and

3) a 20 percent renewable energy standard with a shift in the proposed $35 billion in subsidies for coal, nuclear, oil and gas industries toward energy efficiency and renewable energy.

Among the findings of the report, clean energy solutions would:
- Create 154,000 jobs nationally between 2005-2020;
- Increase wages nationally by $6.8 billion
- Save residential, commercial and industrial consumers $16.2 billion on electricity bills and $11 billion on natural gas bills in 2020;
- Reduce global-warming carbon dioxide emissions from our nations power plants by 39 percent of 2002 levels.

"The government should stop shoveling taxpayer money into subsidies for outdated energy technologies that are proven detrimental to public health and the environment," said Thurm Brendlinger, Pennsylvania Wind Campaign Program Manager at the Clean Air Council. "Coal and nuclear power do not need any more public handouts. Investing in renewable energy would be a boon for the state's economy and its environment. It's time for an energy policy that builds a cleaner, more secure future for Pennsylvania's children."

PennEnvironment's research also shows that shifting to clean energy solutions would generate greater economic and consumer benefits than the Bush-Cheney energy bill. Clean energy production would create twice as many jobs, and save consumers more than twice as much on their natural gas bills than the energy bill.

"Politicians are fresh out of excuses for ignoring clean energy solutions," continued Burdick. "There is clearly a right way and a wrong way to craft energy policy. The right way invests in America-creates new jobs, saves consumers billions of dollars on their electricity bills and protects public health and the environment. Last year's pork-laden energy bill was the wrong way."

The analysis also found that a 20 percent renewable energy standard alone-without any federal subsidies-would generate comparable consumer and job benefits to the energy bill without billions of dollars in taxpayer subsidies.

"If the only thing Congress did on energy this year was to pass a 20 percent national renewable energy standard, it would better for Pennsylvania's economy and its consumers than last year's over-priced and wasteful energy bill," concluded Burdick.