A new report released Aug. 4 by the Energy Information Agency, an independent, non-partisan group, finds that the American Clean Energy and Security Act will cost Americans about as much as a postage stamp, 23 cents, per day.
Energy Secretary Steven Chu touts this legislation will create jobs, bolster the economy and help protect the environment.
“This new, independent and highly respected analysis confirms the findings of the non-partisan Congressional Budget Office and other studies: we can move to a clean energy future at a cost of less than a postage stamp per family per day.
“We will get more clean energy from wind, solar, nuclear, clean coal and other sources while reducing our dependence on foreign oil. The legislation will create millions of jobs that can’t be outsourced, and America will be positioned as a global technology leader on clean energy,” he said.
The American Clean Energy and Security Act of 2009, H.R. 2454, was passed by the House of Representatives on June 26 and awaits Senate approval. The bill seeks to regulate emissions of greenhouse gases through market-based mechanisms, efficiency programs, and economic incentives.
The report concludes that most reductions in energy-related emissions will occur in the electric power sector by reducing reliance on coal-generated power and increasing the use of no- or low-carbon technologies.
