Cheap, emission-free energy includes innovative technology for wind and solar, natural gas, safe nuclear and hydropower and new technology for clean coal. I stand for an all-of-the-above strategy for cleaner and cheaper energy but not through bureaucracy and big government. Free market solutions support cutting your costs, energy security, boosting our economy, and reducing pollution.
However you feel about CO2 emissions and the climate change issue, we have an exciting opportunity to help accelerate the development of new, innovative energy sources that will deeply reduce our energy bills –home heating and cooling, as well as gas for our cars. Innovative energy tech including solar, wind, and battery technology is delivering cheap, emission-free energy. The price of that energy is plummeting. It’s win-win for consumers and business. Using tax cuts and smarter regulation, never subsidies or loan guarantees, the government can help cheap, emission-free energy, happen faster.
As a Member of Congress, I will push free-market incentives such as tax rate cuts and reducing burdensome regulations not needed for keeping our air, water and soil healthy. I will work to accelerate the development of cheaper, emission-free energy. This means allowing free enterprise to accelerate an already breathtaking trend. That’s smart policy.
Jonathan Chait wrote in New York Magazine, The Sunniest Climate-Change Story You’ve Ever Read:
“In a March 2011 post for Scientific American’s website, Ramez Naam, a computer scientist and technological enthusiast, compared the rapid progress of solar power to Moore’s Law, the famous dictum that described the process by which microchips grew steadily more useful over time, doubling in efficiency every two years. The price of solar power had fallen in two decades from nearly $10 a watt to about $3. By 2030, he predicted, the price could drop to just 50 cents a watt.
“Four years later, in the spring of this year, Naam revisited his post and admitted his prediction had been wrong. It was far too conservative. The price of solar power had already hit the 50-cent threshold. In the sunniest locations in the world, building a new solar-power plant now costs less than coal or natural gas, even without subsidies, and within six years, this will be true of places with average sunlight, too. Taller turbines, with longer and more powerful blades, have made wind power competitive in a growing swath of the country (the windy parts). By 2023, new wind power is expected to cost less than new power plants burning natural gas.”
The Wind Energy Foundation credibly states:
“Wind energy costs are now lower than the costs of most new conventional sources and are close to cost-competitive with new natural gas generation due to continuing technological innovation. In fact, the price of American wind power has declined more than 90% since 1980, benefiting utilities and consumers.”
And Bloomberg News, in Wind and Solar Are Crushing Fossil Fuels says:
“What’s more, the price of batteries to store solar power when the sun isn’t shining is falling in a similarly stunning arc.”
By cutting marginal tax rates on profits from cheaper, emission-free energy the government is not picking winners and losers. It is leveling the playing field. Doing that will help the free market deliver cheaper, emission-free energy faster. I chop my own wood for the winter. You can be sure supporting innovative, cheap, emission-free energy will be one of my top priorities.