Senator Says Now is the Time to Make Historic Investment with Clean Electricity Payment Program (CEPP), Which Will Give Many Bold Returns
WASHINGTON, D.C. [9/9/21]—Today, U.S. Senator Tina Smith (D-Minn.) says a new report from a credible research company confirms why she’s been fighting for the Clean Electricity Payment Plan (CEPP) in the Senate. The report—released today by Analysis Group and summarized by Evergreen Action and the National Resources Defense Council (NRDC)—shows how Congress can create nearly 8 million jobs and $1 trillion in economic growth over the next decade by passing the CEPP.
“This report confirms why I’ve been pushing my clean electricity plan: we can create millions of good paying jobs across the country, provide for affordable energy, clean up air and water pollution, and add billions of dollars in economic value at the same time,” said Sen. Smith, who has been championing the Clean Electricity Payment Program (CEPP) in the Senate. “This is our chance to achieve the progressive, practical transformation to the clean energy future we so urgently need. We can’t squander this opportunity.”
You can access a memo from Evergreen Action and NRDC summarizing the analysis here. A strong CEPP investing in the transition to 80 percent clean electricity by 2030 would:
·Expand the workforce by approximately 7.7 million jobs;
·Put over $907 billion dollars into the U.S. economy;
·Raise $154 billion in tax revenue for federal, state, and local governments; and
·Drive economic development through the construction of over 600 GW of new solar, wind and other clean energy projects.