Energy fuels human flourishing and is the foundation of the modern economy. Policies that limit oil and natural gas production weaken America’s domestic energy production and make it more costly, while requiring the use of solar and wind energy makes America dependent on China, raises electricity costs, disproportionately harms poor people and farmers, and undermines America’s economic growth.

A historic electricity scarcity crisis is looming on the horizon, threatening reliable and affordable electricity. To avert the crisis, Heritage will advance policies that streamline infrastructure permitting, repeal the toxic renewables subsidies of the Inflation Reduction Act, and reform electricity market regulations.

Quick Stats:

• Even if America stopped all use of fossil fuels immediately, global temperatures would only be affected by two-tenths of 1 degree Celsius by the year 2100, according to government models.
• When the existing constraints on generation capacity are added to the forecasts of soaring power demand, America is facing a generation capacity shortfall of at least 30%, perhaps 500 GW, by 2030. That’s the equivalent of 500 average sized nuclear plants.

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