The bill will foster a US-based renewable energy industry that can take advantage of growing world markets. Renewable energy development creates local jobs by shifting expenditures from fuels to labor and equipment, and saves money for consumers and industry over the long run. The bill will also benefit the economy by reducing pollution-related illnesses and property damage. Rep. Markey's bill makes sense for consumers. Increasing our reliance on renewables will help protect consumers from the risk of rate hikes or supply problems in the future.
Fossil fuels are cheap now, but subject to many uncertainties, few of which can be controlled.
The energy that powers most renewable technologies is free, reliable, and will never run out. It is a domestic resource under US control, not subject to supply constraints and price increases resulting from foreign war or economic policy. Renewable energy is an insurance policy against fuel price rises. Rep. Markey's bill includes the crucial elements needed to make competition work for the environment and for consumers by using market forces to ensure the sustained orderly development of new clean, sustainable, renewable energy technologies. We thank Rep. Markey and strongly endorse these provisions.