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Dear Friends and Colleagues,
At CRES, we know well that the best way to reduce global emissions is through innovation – not burdensome regulation. One opportunity for American energy innovation includes emerging hydrogen technologies.
Last week, CRES Forum released our latest white paper, “Growing an Industry for Clean Hydrogen,” highlighting how switching to clean hydrogen in hard-to-abate sectors can reduce global energy-related CO2 emissions by 10 to 25 percent. The paper examines the opportunities in the clean hydrogen sector and outlines how U.S. energy policy can de-risk the industry and spur crucial investment. However, as recognized in the paper, policy challenges remain, especially when it comes to the Biden Administration's latest rules and regulations.
It’s not just the future of hydrogen that hangs in the balance. The Biden Administration has recently issued a series of rules and regulations that undermine his climate agenda and will result in higher global emissions and energy costs.
For example, the U.S. Environmental Protection Agency’s (EPA) recent Clean Power Plan 2.0 imposes impractical mandates on power plants across the country and threatens U.S. energy reliability. American energy producers already produce some of the cleanest energy in the world, and they are actively working to reduce emissions within the sector. Placing unrealistic deadlines and regulations on our world-class industry will not only endanger our ability to keep the lights on here at home, but it will diminish our status as a leader in global emissions reduction. To combat this, CRES endorsed Sen. Shelley Moore Capito (R-W.V.) and Rep. Troy Balderson’s (R-Ohio) efforts to overturn the rule in both chambers. CRES supports reducing emissions with workable solutions that are technologically feasible.
Despite these regulatory setbacks, U.S. industry continues to deliver affordable, reliable and clean energy to more Americans than ever. As reported by the Solar Energy Industries Association (SEIA), the United States has surpassed a remarkable milestone with over five million solar installations. This achievement underscores the rapid growth of the solar industry as it increasingly adds more clean energy to the grid. American industry does it best, from reducing emissions to growing the economy, and major achievements like this prove it.
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