A Nonpartisan Group Found That Trump’s Project 2025 Would Drive Up Energy Costs, Kill Jobs, And Increase Premature Deaths

Nonpartisan Group Energy Innovation: Trump’s Project 2025 Agenda Will Add “Billions In Energy Costs To American Households, Costing The U.S. Economy Millions Of Jobs And Billions In GDP, And Increasing Pollution-Driven Early Deaths”

Energy Innovation Is A Nonpartisan Energy And Climate Policy Think Tank. According to Energy Innovation, “Energy Innovation is a nonpartisan energy and climate policy think tank that produces independent analysis to inform policymakers of all political affiliations in the world’s largest emitting regions. We do not endorse any political party or candidate, including those in the 2024 U.S. presidential election.” [Energy Innovation, “The Second Half of the Decisive Decade,” 8/14/2024]

Nonpartisan Group Energy Innovation: Project 2025 Could Result In “Adding Billions In Energy Costs To American Households, Costing The U.S. Economy Millions Of Jobs And Billions In GDP, And Increasing Pollution-Driven Early Deaths.” According to Energy Innovation, “Future policy changes […] could undo this progress, jeopardizing U.S. climate targets, adding billions in energy costs to American households, costing the U.S. economy millions of jobs and billions in GDP, and increasing pollution-driven early deaths.”   [Energy Innovation, “The Second Half of the Decisive Decade,” 8/14/2024]

Trump’s Project 2025 Will Increase Electricity Prices And Household Energy Costs – Costing American Households $32 Billion By 2030

Nonpartisan Group Energy Innovation Found That Project 2025 Would Cause “Higher Electricity Prices,” Increase Household Energy Costs by An Additional $240 Per Year By 2030. According to Energy Innovation, “By contrast, higher electricity prices and increased reliance on petroleum for vehicles would raise average household energy costs under the Project 2025 scenario, costing an additional $240 per year in 2030 and $150 in 2050 relative to the BAU, or an additional $32 billion across all households in 2030 and $24 billion in 2050.”   [Energy Innovation, “The Second Half of the Decisive Decade,” 8/14/2024]

Trump’s Project 2025 Agenda “Increases Electricity Prices,” Costing American Households $32 Billion By 2030. According to Energy Innovation, “The Project 2025 scenario increases electricity prices and reliance on petroleum for vehicles, costing an additional $32 billion across all households in 2030 and $24 billion in 2050.”    [Energy Innovation, “The Second Half of the Decisive Decade,” 8/14/2024]

Trump’s Project 2025’s Energy And Climate Agenda Will Lead To Direct Job Losses Of 750,000 And 1.7 Million Total Job Losses

Nonpartisan Group Energy Innovation Found That Trump’s Project 2025’s Energy And Climate Agenda Will Lead To Direct Job Losses Of 750,000 And 1.7 Million Total Job Losses By 2030. According to Energy Innovation, “The Project 2025 scenario reduces deployment of clean energy technologies and expansion of clean energy industries, significantly reducing job growth. Job gains occur in fossil fuel sectors, but they are more than offset by job losses elsewhere in the economy. The Project 2025 scenario leads to 1.7 million lost jobs in 2030 and 260,000 lost jobs in 2050, with direct job losses of 750,000 in 2030 and 70,000 in 2050.”  [Energy Innovation, “The Second Half of the Decisive Decade,” 8/14/2024]

Trump’s Project 2025 Agenda Will Reverse Laws That Encourage Onshoring Of Clean Energy And Will Decrease GDP By $320 Billion Per Year

Nonpartisan Group Energy Innovation Found That Trump’s Project 2025 Agenda Will Reverse Laws That Encourage Onshoring Of Clean Energy Industries, Resulting In GDP Decreasing $320 Billion Per Year By 2030. According to Energy Innovation, “Conversely, a Project 2025 scenario unwinds the laws that have encouraged onshoring of clean energy industries and significantly restricts the build-out of clean energy. As a result, the Project 2025 scenario decreases GDP $320 billion per year in 2030 and $150 billion per year in 2050.”  [Energy Innovation, “The Second Half of the Decisive Decade,” 8/14/2024]

Trump’s Project 2025 Agenda Will Cause “Great Public Health Damage By Increasing Air Pollution,” Including “An Additional 2,100 Premature Deaths by 2030”

Nonpartisan Group Energy Innovation Found That Trump’s Project 2025 Agenda Will Cause “Great Public Health Damage By Increasing Air Pollution,” Including “An Additional 2,100 Premature Deaths by 2030.” According to Energy Innovation, “By contrast, Project 2025 increases fossil fuel combustion, causing great public health damage by increasing air pollution. This scenario causes an additional 2,100 premature deaths by 2030 and 4,800 by 2050.” [Energy Innovation, “The Second Half of the Decisive Decade,” 8/14/2024]

The Biden-Harris Clean Energy Plan Has Generated More Than 334,000 Jobs And $372 Billion In New Private Investment

Energy Innovation: “The IRA, BIL, And CHIPS Act Have Already Improved Our Economy, Generating More Than 334,000 Jobs And $372 Billion In New Private Investment Since August 2022, When The IRA Passed Congress.” According to Energy Innovation, “The IRA, BIL, and CHIPS Act have already improved our economy, generating more than 334,000 jobs and $372 billion in new private investment since August 2022, when the IRA passed Congress. They have also put the U.S. on track to cut the GHG intensity of its gross domestic product (GDP) 57 percent by 2030 compared to 2005 levels.” [Energy Innovation, “The Second Half of the Decisive Decade,” 8/14/2024]

The Biden-Harris Clean Energy Plan Has Put The U.S. On Track To Gut The Greenhouse Gas Intensity Of Its GDP 57 Percent By 2030

Energy Innovation: The Biden-Harris Clean Energy Plan Has Put The U.S. On Track To Cut The GHG Intensity Of Its Gross Domestic Product (GDP) 57 Percent By 2030 Compared To 2005 Levels.” According to Energy Innovation, “The IRA, BIL, and CHIPS Act have already improved our economy, generating more than 334,000 jobs and $372 billion in new private investment since August 2022, when the IRA passed Congress. They have also put the U.S. on track to cut the GHG intensity of its gross domestic product (GDP) 57 percent by 2030 compared to 2005 levels.” [Energy Innovation, “The Second Half of the Decisive Decade,” 8/14/2024]

The Biden-Harris Clean Energy Plan Will Save Americans Billions On Vehicle Costs And Energy Bills

Energy Innovation: The Biden-Harris Clean Energy Plan’s EV Tax Credits Have Saved Americans $1 Billion In Upfront Purchase Costs And Will Provide $18,000-$24,000 In Total Consumer Savings. According to Energy Innovation, “IRA provisions are giving Americans the choice to save money on their energy bills by switching from fossil fuels to clean energy. Federal electric vehicle tax credits have saved Americans $1 billion in upfront purchase costs, and will provide $18,000-$24,000 in total consumer savings on fuel and maintenance per vehicle. Between August 2022-July 2023, utilities and power providers announced $270 billion in new utility-scale clean energy generation which will save customers $4.4 billion on their energy bills. More than 3.4 million American families claimed $8.4 billion in residential clean energy and home energy efficiency credits against their 2023 federal income taxes, saving up to $3,100 per year, depending on the installed technology.” [Energy Innovation, “The Second Half of the Decisive Decade,” 8/14/2024]

Energy Innovation: Since Passage Of The IRA, “Utilities And Power Providers Announced $270 Billion In New Utility-Scale Clean Energy Generation Which Will Save Customers $4.4 Billion On Their Energy Bills.” According to Energy Innovation, “IRA provisions are giving Americans the choice to save money on their energy bills by switching from fossil fuels to clean energy. Federal electric vehicle tax credits have saved Americans $1 billion in upfront purchase costs, and will provide $18,000-$24,000 in total consumer savings on fuel and maintenance per vehicle. Between August 2022-July 2023, utilities and power providers announced $270 billion in new utility-scale clean energy generation which will save customers $4.4 billion on their energy bills. More than 3.4 million American families claimed $8.4 billion in residential clean energy and home energy efficiency credits against their 2023 federal income taxes, saving up to $3,100 per year, depending on the installed technology.” [Energy Innovation, “The Second Half of the Decisive Decade,” 8/14/2024]

Energy Innovation: “More Than 3.4 Million American Families Claimed $8.4 Billion In Residential Clean Energy And Home Energy Efficiency Credits […] Saving Up To $3,100 Per Year.” According to Energy Innovation, “IRA provisions are giving Americans the choice to save money on their energy bills by switching from fossil fuels to clean energy. Federal electric vehicle tax credits have saved Americans $1 billion in upfront purchase costs, and will provide $18,000-$24,000 in total consumer savings on fuel and maintenance per vehicle. Between August 2022-July 2023, utilities and power providers announced $270 billion in new utility-scale clean energy generation which will save customers $4.4 billion on their energy bills. More than 3.4 million American families claimed $8.4 billion in residential clean energy and home energy efficiency credits against their 2023 federal income taxes, saving up to $3,100 per year, depending on the installed technology.” [Energy Innovation, “The Second Half of the Decisive Decade,” 8/14/2024]