TRUMP’S BUDGET SABOTAGES AMERICA’S BEST CHANCE TO ADD MILLIONS OF HIGH-WAGE JOBS...

Renewable energy jobs in select countries (excluding large hydropower). CREDIT: IRENA

 

Trump guts clean energy funding as Beijing plans to invest $360 billion by 2020, creating 13 million jobs...

President Trump’s budget slashes investment in clean energy — the biggest new source of sustainable high-wage employment in the world.

In contrast, China’s latest five-year energy budget invests $360 billion in renewable generation alone by 2020. Beijing calculates the resulting “employment will be more than 13 million people.”

Trump’s self-proclaimed “America First” budget released Thursday zeroes out key Department of Energy (DOE) clean-tech programs:

  • the Advanced Research Projects Agency-Energy, which invests in innovative clean technology
  • a program to improve manufacturing for clean cars, and
  • the loan guarantee program, which jump-started large-scale U.S. solar deployment, the electric vehicle (EV) revolution, and companies like Tesla.

This should surprise no one. Trump campaigned on zeroing out clean energy funding.

The budget offers this rationale: “The private sector is better positioned to finance disruptive energy research and development and to commercialize innovative technologies.”

Nonsense. The United States is notorious for inventing whole industries other countries end up dominating — because our private sector under-finances advanced development and commercialization.

That’s a key reason America steadily lost manufacturing jobs while other countries make so many devices we invented. I’m looking at you iPhone, flatscreen TVs, and most consumer electronics….