E2: Focus should be on expanding clean energy and the millions of new jobs it can create

WASHINGTON (June 19, 2019) – The Trump Administration released its much-anticipated rule to replace the Obama administration’s Clean Power Plan which set the first-ever carbon limits from U.S. power plants. Trumps’ plan, finalized today by the Environmental Protection Agency, sets back the U.S.’ ability to significantly reduce carbon emissions and meet the goals necessary to fight the economic threats of climate change.

The following is a statement from Grant Carlisle, Director of Advocacy of the national, nonpartisan business group E2 (Environmental Entrepreneurs):

“At a time when the economic costs of climate change continue to rise, the EPA with this plan wants to prop up older, dirtier energy sources that will only exacerbate the costs we all will bear. If the EPA is truly interested in affordable, clean energy, its Affordable Clean Energy Rule ought to focus on expanding renewable energy and energy efficiency that actually is cheaper, cleaner and creating millions of jobs across the country.”

According to E2’s Opportunity Lost report from 2017, rolling back the Clean Power Plan could cost the U.S. up to 560,000 jobs and $52billion in lost GDP that would have been created

For more information on why business leaders across the country support a strong plan to reduce carbon emissions from power plants, please contact Michael Timberlake at (202) 289-2407 or mtimberlake@e2.org.

Additional Resources:

  • Clean Jobs America 2019: Nearly 3.3 Million Clean Energy Jobs Across U.S. | E2 Report (March, 2019)
  • Trump’s Proposal to Replace Clean Power Plan Betrays Clean Energy Jobs, Hurts Businesses and Workers | E2 Statement (August 21, 2018)
  • Opportunity Lost: How Rolling Back the Clean Power Plan Hurts America’s Economy | E2 Report (June, 2017)

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Environmental Entrepreneurs (E2) is a national, nonpartisan group of business leaders, investors, and professionals from every sector of the economy who advocate for smart policies that are good for the economy and good for the environment. Our members have founded or funded more than 2,500 companies, created more than 600,000 jobs, and manage more than $100 billion in venture and private equity capital. For more information, see www.e2.org or follow us on Twitter at @e2org.