Energy & Prosperity Nick Loris Research Manager and Herbert & Joyce Morgan Fellow The Heritage Foundation

A Tale of Two Energy Policies Keep in the Ground Climate Catastrophism Stimulate the Green Economy with Your Money 11/19/2018

The Costs of Politicians and Bureaucrats Thinking They’re Sharks Taxpayer Money Lost or at Risk Corporate Welfare Distorted Energy Markets Political Rates of Return > Economic Rates of Return 11/19/2018

Cost of Climate Policies, By 2035: Average shortfall of nearly 400,000 jobs A total income loss of more than $20,000 for a family of four An aggregate gross domestic product (GDP) loss of over $2.5 trillion Every cap-and-trade analysis projects economic losses. 11/19/2018

Benefits of Open Access and Reduced Regulatory Burden, by 2035: Average employment gain of nearly 700,000 jobs Increase in over $40,000 for a family of four Up to 10% reduction in household electricity expenditures Aggregate $3.7 trillion increase in GDP 11/19/2018

Actions for Congress and the Administration Open access to energy exploration of federal waters and lands.  Allow states to manage energy development. Streamline the NEPA process. Repeal Renewable Fuel Standard Eliminate Energy Subsidies for all Energy Sources Remove Impediments to LNG exports Roll Back Climate Regs/Endangerment Finding Nuclear Regulatory Reform. heritage.org November 19, 2018

The Heritage Foundation Thank You Nick Loris Nick.Loris@heritage.org The Heritage Foundation Washington DC