Getting Ahead in the Clean Energy Race

American must invest more in the clean energy race to restore our economic competitiveness and create new jobs, and can do so while reducing the deficit.

Part of a Series

America is falling behind in the clean energy race. We must invest now in these critical new technologies to restore our economic competitiveness and create new jobs. And we can do so while reducing the federal deficit by ending wasteful tax breaks and imposing new fees on carbon and fossil fuels.

  • We can save $46 billion over the next decade by ending wasteful tax subsidies to oil, gas, and coal companies.
  • We can protect our planet from global climate change and reduce the deficit by $300 billion by putting a price on carbon emissions and levying an oil-import fee.
  • We should double federal investments toward clean energy projects that promote innovation, create new jobs, and curb our reliance on foreign oil.

For more on this topic, please see:

The positions of American Progress, and our policy experts, are independent, and the findings and conclusions presented are those of American Progress alone. A full list of supporters is available here. American Progress would like to acknowledge the many generous supporters who make our work possible.

Explore The Series