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Executive Summary
In 2004, Congress and the Bush administration proposed an energy policy that included $52 billion in subsidies, two-thirds of which would have benefited fossil fuels and nuclear power. Proponents of this energy policy argue that investing in fossil fuels and nuclear power are essential for a healthy and vibrant economy. They also contend that a renewable energy standard, requiring a certain percentage of our electricity come from renewables, will cost us jobs and increase costs to consumers.
Study after study has shown that renewable energy and energy efficiency boost local economies and save consumers money. So we asked the question: what would be the economic and consumer benefits to Ohio of shifting these subsidies into renewables and energy efficiency and implementing a renewable energy standard? We call this alternative to the 2004 energy proposals the Clean Energy Package.
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