Trump's energy policies

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The Trump administration wants to slash the Department of Energy’s (DOE) investment in energy efficiency and renewable energy by 70 percent, according to a draft budget obtained by Axios. Even setting aside the issues of air pollution and climate change, gutting renewable energy and efficiency runs counter to the president’s stated commitment to economic growth and job creation.

Clean energy is the world’s biggest new source of sustainable high-wage employment. That’s why China’s has budgeted a $360 billion investment in renewable generation alone by 2020. Beijing calculates the resulting “employment will be more than 13 million people.” Even in this country, clean energy jobs already outnumber fossil fuel jobs by more than 2.5 to 1.

Second, the DOE’s clean energy program has the highest documented rate of return to taxpayers of any federal R&D program. One National Academy of Sciences study found that an $11 million investment in a handful of energy efficiency technologies, returned about $30 billion in energy savings.

Trump campaigned on zeroing out clean energy funding — and on trying to bring back jobs to the coal industry, which leading experts say is simply not possible. Clean energy will be a $50-trillion industry, but Trump policies mean the U.S. won’t benefit

Bloomberg New Energy Finance projected in 2016 that the world will invest an astonishing $3.4 trillion in solar alone by 2040 — more than the investment for all new fossil fuels and nuclear combined.

Trump wants to gut energy program with highest job potential and rate of return