Jump-Starting Clean Energy Mandate, and Job Destruction
A new special interest group is on the scene, advocating higher energy prices and lower levels of employment. While the Coalition for Clean and Renewable Energy would not describe their mission in such stark terms, it would be the unfortunate impact of the “clean energy standard” they advocate.
According to The Hill, the coalition is ramping up its efforts:
Two well-connected Beltway firms are representing the new coalition: ML Strategies is taking the lead on lobbying while the Glover Park Group is handling communications.
The new group is organized around a half-dozen principles, such as ensuring that any standard would boost clean energy beyond forecasts of what will come online under existing policies.
The coalition also has a powerful ally in the White House. In his State of the Union Address, President Obama called for an 80% Clean Energy Standard (CES) by 2035.
The Heritage Foundation cuts through the spin:
Though a CES may sound innocuous, the CES proposed by President Obama has targets that are nearly identical to the Waxman–Markey cap-and-trade bill. Since it has less flexibility in meeting these targets, it can be expected to have economic impacts that are at least as great.
And how bad damaging was Waxman-Markey? An estimated net job loss of 2.5 million in 2035.