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Adriano Espaillat on Energy & Oil |
This resolution calls for the creation of a Green New Deal with the goals of:
Opposing argument from the Cato Institute, 2/24/2019: While reasonable people can disagree on some aspects of the Green New Deal's proposals, one fact is uncontroversial: the US cannot afford them. The Green New Deal would likely cost upwards of $6.6 trillion per year. The federal government should look for cheaper ways to address problems like climate change. Instead of the Green New Deal, the federal government could adopt a revenue??neutral carbon tax to decrease emissions without exacerbating the fiscal imbalance. Economists from across the political spectrum support carbon taxation as the most cost??effective way to address climate change. And a carbon tax would be most effective if uniformly adopted by other countries, too.
Congressional Summary:This bill requires the Department of Energy to award grants to assist rural electric cooperatives with identifying, evaluating, and designing energy storage and microgrid projects that rely on renewable energy. (A microgrid is a group of interconnected energy resources that acts as a single controllable entity and that can disconnect from the grid to operate in island mode.)
SciPol statement in support: HR4447 would establish a microgrid grant and technical assistance program for rural electric cooperatives. Rural electric cooperatives are non-profit consumer-owned electric cooperatives that came into being in the 1930s to serve the needs of rural areas otherwise ignored by investor-owned (for-profit) utilities. Most rural electric power is still provided by rural electric co-ops.
Trump's Statement of Administration Policy (against): HR 4447 would implement a top-down approach that undermines the Administration's deregulatory agenda. HR 4447 would lead to higher energy costs and discourage innovation. It would create a "green bank" that would subsidize projects similar to wellknown failures like Solyndra. Finally, HR 4447 would interfere with our own energy destiny free from the reins of the Paris Climate Accord and international organizations that ignore the clear lessons that have led to American energy independence.
Common Dreams (against): Over 100 groups--including major environmental, climate and progressive organizations--oppose HR 4447. The heaviest burdens of the climate crisis fall on low-income communities and communities of color. "We applaud the environmental justice measures in this bill, but cannot support legislation that extends our country's reliance upon fossil fuels," said the Executive Director of the Progressive Democrats of America.
Legislative outcome: Passed House 220-185-24, Roll #206 on Sep. 24, 2020.