WASHINGTON — President Barack Obama pushed urgently Thursday for passage of legislation to confront global warming, billing it as a job-creating machine rather than the costly "job killer” Republicans denounced.
Obama said Washington must not miss the opportunity to work on cleaning the air, creating new "green” energy jobs and moving the nation away from its reliance on fossil fuels such as oil, coal and natural gas.
The bipartisan Congressional Budget Office said while households on average would spend $770 more a year on energy in 2020, their annual net cost is likely to be $175 because of energy efficiency or money flowing back in form of direct relief or indirect allowances to businesses and local governments. It said poor households would save $40 a year.
A separate analysis by the Environmental Protection Agency said consumer utility bills would be 7 percent lower by 2020 because less energy will be used as a result of efficiency and other provisions in the bill. It estimated the bill’s impact on household energy costs at between $80 and $111 a year.
Under the bill, at least 85 percent of the allowances would be given away, especially to energy intensive sectors of the economy.
by the associated press
Obama said Washington must not miss the opportunity to work on cleaning the air, creating new "green” energy jobs and moving the nation away from its reliance on fossil fuels such as oil, coal and natural gas.
The bipartisan Congressional Budget Office said while households on average would spend $770 more a year on energy in 2020, their annual net cost is likely to be $175 because of energy efficiency or money flowing back in form of direct relief or indirect allowances to businesses and local governments. It said poor households would save $40 a year.
A separate analysis by the Environmental Protection Agency said consumer utility bills would be 7 percent lower by 2020 because less energy will be used as a result of efficiency and other provisions in the bill. It estimated the bill’s impact on household energy costs at between $80 and $111 a year.
Under the bill, at least 85 percent of the allowances would be given away, especially to energy intensive sectors of the economy.
by the associated press
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