Project 2025's Climate Cuts Would Cost Americans Billions Of Dollars Per Year
Project 2025's Climate Cuts Would Cost Americans Billions Of Dollars Per Year
The Republican manifesto would cost millions of jobs and cause a dramatic surge in emissions.
By Alexander C. Kaufman
Aug 14, 2024, 02:25 PM EDT
https://www.huffpost.com/entry/project-2025-climate_n_66bce83fe4b03d1ac02e0021?utm_campaign=share_email&ncid=other_email_o63gt2jcad4
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Project 2025 ― the plan that Republican operatives have drafted as a policy blueprint for a second Trump administration ― would raise Americans’ household energy spending by billions of dollars per year, all while increasing planet-heating emissions by billions of tons and costing the U.S. economy millions of jobs, a new analysis has found.
Gutting federal policies meant to encourage a shift toward greener electricity and electric cars would increase U.S. household spending on fuel and utilities by about $240 a year by 2030, jacking up nationwide costs by a combined $32 billion per year compared to the current trajectory.
By contrast, if the U.S. beefs up its existing climate policies enough to meet its 2030 pledge to halve its emissions, Americans will save $60 per year by the end of this decade. The savings are projected to grow over time: By 2050, U.S. household energy spending would decrease by $700 per year ― delivering cumulative nationwide savings of $110 billion per year.
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A chart from Energy Innovation's report shows the difference in household energy savings in a scenario where the next president adds to existing climate policies versus a scenario where the next president implements proposals in the Heritage Foundation's Project 2025 manifesto.Energy Innovation
The findings, published Tuesday by the nonpartisan climate-modeling think tank Energy Innovation, offer stark new evidence against the Trump campaign’s promise to lower U.S. energy prices by reversing President Joe Biden’s landmark climate-spending laws and ramping up fossil fuel production beyond already-record levels.
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