"How much would the Democrats' climate bill cost?"
E&E News article cites RFF research on the draft CLEAN Future Act bill.
RFF research cited in E&E News article on the draft CLEAN Future Act bill.
“The CES title would impose a system of clean energy credit trading on retail electricity providers, administered through DOE, ramping up to a requirement for 100% clean energy by 2050. The requirement would generate revenue via alternative compliance fees for companies that cannot meet targets and civil penalties in certain cases, but it would not help offset the overall cost of the bill. That money would instead be directed entirely to states through a new carbon mitigation program aimed at improving energy efficiency and decarbonizing government vehicle fleets.
While the Department of Energy would be tasked with setting up the trading market, consumers would help shoulder at least some of the cost for retail suppliers selling more clean energy. But effects on retail electricity prices would be modest overall, according to an analysis of the design from Resources for the Future, which provided input on the legislation.”
Read the full article here.
