Friday, March 29, 2024

Homegrown Energy Means Lower Prices and Lower Emissions

The U.S. can and should be the world's clean energy powerhouse, and we are well on our way.

The all-of-the-above energy approach is commonsense; we should not be picking winners and losers when it comes to energy generation, and here's why.

Energy storage is crucial to clean energy development - especially for intermittent sources like wind and solar.

Finally, geothermal, a baseload renewable energy resource, is on the verge of a major breakthrough, with Congress advancing bipartisan legislation to pave the way for more geothermal energy and the U.S. Department of Energy reporting it could soon become one of the most cost-competitive clean energy resources we have.

There are several factors for this astonishing increase in clean energy production, including clean energy tax credits for producers, but the main reason is simple: demand.

Americans know more energy supply equals lower energy prices, and with skyrocketing costs and record inflation hitting families across the country, the less their electricity costs, the better.

Bringing new sources of homegrown energy online pushes down energy costs, but incentivizing investment in these projects is near to impossible in the current regulatory environment. 

https://www.realclearenergy.org/articles/2024/03/28/homegrown_energy_means_lower_prices_and_lower_emissions_1021549.html

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