EDF at Senate Hearings: Energy Bill Comes At Bargain Price

For the last three days, the U.S. Senate Committee on Environment and Public Works listened to some strong arguments in favor of climate legislation.

One of our favorite arguments came from our own Fred Krupp, president of EDF, who focused on the recent study from the EPA that confirms the low cost of the bill.

After conducting some serious qualitative analysis, the EPA found that the Senate bill is just as affordable as the House bill passed earlier this year. For the bargain price of $3 to $4 a month, the average American can look forward to a robust economy powered by new green jobs, energy independence (or at least a huge step in that direction) and a cleaner environment for his or her child and grandchild.  Here’s Fred’s written testimony [PDF].

Nat Keohane, EDF’s director of economic policy and analysis, also provided some great testimony on Wednesday. He detailed the impacts of the cap and trade legislation and also advocated on behalf of consumers — he made the point that energy savings need to find their way into the average American’s pocket rather than into the large coffers of utility company executives. Here’s Nat’s written testimony [PDF].

These hearings are further proof of the Senate’s growing momentum to further the climate debate. Barbara Boxer (D-Ca.) is pushing for the committee to begin considering amendents to her bill as early as next Tuesday. Although certain Republicans are balking at the fast pace, Boxer is confident that the bill has been thoroughly analyzed: More than 50 witnesses have been asked to submit their comments on the bill and Senate staffers have been scouring the 923-page document since its release.

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