The latest on the Trump administration’s energy plan
President Donald Trump’s energy policy could be a key to his 2020 reelection bid, according to an analysis by a group of analysts.
The new study by the Energy and Environment Legal Institute, or E&E Legal, found that Trump’s executive order on the Clean Power Plan is unlikely to have much impact on the pace of U.S. emissions reductions under current climate rules.
The E&e Legal analysis also said the Clean Energy Finance Corporation (CEFC) will likely fail to get much of a tax cut under the plan, given its reliance on a carbon tax that has been linked to emissions.
The White House is expected to unveil the Clean Jobs Act on Wednesday, but it has not been widely reported in the media.
The administration is looking for ways to reduce CO2 emissions while maintaining the economy’s long-term energy security.
The Trump administration has proposed raising federal carbon taxes and reducing energy efficiency standards.
The Clean Jobs act, which is a legislative initiative, would impose a carbon price of $50 a ton and $100 a ton for electric vehicles, the E&ere Legal analysis said.
A $50 carbon tax would generate about $100 billion a year in new revenue, the analysis said, but that’s only if it’s passed through a legislative process.
The Environmental Protection Agency (EPA) and other agencies would receive a total of $6.8 trillion over the next decade under the Clean Economy Act.
That’s roughly half the budget of the Environmental Protection Office.
But if Trump’s proposed carbon tax is passed through Congress, the impact would be minimal, E&ew Legal’s analysis said: The EPA would have a very low carbon footprint, and the federal government would have little net impact on CO2 in the U.s. economy.
In addition to the Clean Technology Fund, the Clean Clean Jobs Plan would also include $5.6 trillion in incentives for electric vehicle manufacturers and the Clean Alternative Energy Fund, which would give incentives to utilities to buy renewable energy.
The Clean Energy Infrastructure and Innovation Fund would provide loans to encourage the installation of solar and wind energy systems, E &ere Legal said.
The E&elec Legal analysis found that the Clean Manufacturing Act would create jobs for 4 million Americans over the decade after 2020.
But the report also noted that the bill would not create as many manufacturing jobs as the President’s proposal.
In total, the study found that manufacturing jobs would increase by about 1.7 million by 2040.
The analysis noted that most of those manufacturing jobs were already being created by the manufacturing sector, so there’s no need to create additional jobs for the manufacturing industry.
For its analysis, Eileen MacLeod, a policy analyst at E&Ex Legal, relied on information from the White House, the National Association of Manufacturers, and a 2015 report from the Council of Economic Advisers.