Pelosi: Obama Administration Takes Bold Steps to Transition to a Clean Energy Future

Washington, D.C. – Speaker Nancy Pelosi released the following statement on a new series of Administration clean energy announcements, made possible by the American Recovery and Reinvestment Act, including a $3.4 billion investment in the smart energy grid; the reopening of a former auto manufacturing plant in Delaware in order to produce electric hybrid vehicles; and the first round of awards under the Advanced Research Projects Agency for Energy (ARPA-E) program.

“As the Senate moves forward in its consideration of the Kerry-Boxer clean energy jobs legislation, the Obama Administration has taken solid steps forward this week to move our nation toward a clean energy future.  These announcements by the Administration show that the Recovery Act is working to create new clean energy jobs to put people back to work, revolutionize the way we power our economy, and drive American innovation.

“The Recovery Act is giving investors the confidence they need to leverage private funds to create even more jobs, put us on a path to energy security, and help reduce global warming.”

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As the Senate prepares to move forward with this critical clean energy legislation, a new poll shows six in ten Americans – including six in ten Independents – support cap and trade proposals moving through Congress to cut pollution and encourage investment in renewable energy sources. [10/27/09]

On June 26th, the House passed the American Clean Energy and Security (ACES) Act, H.R. 2454, to revitalize our economy by creating millions of new clean energy jobs that cannot be shipped overseas, increase our national security by reducing our dependence on foreign oil, and preserve our planet by reducing the carbon pollution that causes global warming.

The House bill will:

•    CREATE AND SAVE JOBS: Moving to a clean energy economy and transitioning off foreign oil will create whole new industries and millions of new jobs. A recent jobs study concluded that the American Clean Energy and Security Act and the American Recovery and Reinvestment Act would create 1.7 million new clean energy jobs. [Center for American Progress]

•    MAKE US MORE ENERGY INDEPENDENT: The American Clean Energy and Security Act – combined with the 2007 energy bill and the Obama Administration’s plan to ramp up vehicle fuel efficiency standards – will cut the use of oil by more than 5 million barrels a day in 2030. That is equivalent to all the oil we currently import from the Middle East and Venezuela and one-fourth of our nation’s current total daily consumption.

•    REDUCE POLLUTION/FIGHT GLOBAL WARMING: The American Clean Energy and Security Act would reduce total global warming emissions 83 percent below 2005 levels by 2050.  The efficiency savings alone will reduce projected carbon pollution in 2020 by the equivalent of taking 57 million cars off the road for a year. [ACEEE]

•    KEEPS COSTS LOW: Transitioning from foreign oil and creating millions of jobs will have minimal impact on average households–just 22 to 30 cents a day–less than a postage stamp – or $80 to $111 per year.  The bill helps all consumers with price spike protection, with additional monthly energy refunds so those in need will see no cost. The bill will not increase the federal deficit.  Investing in energy efficiency technology will save the average American household more than $4,000 by 2030. [ACEEE]