Article Summary –
The article argues that the 2024 Presidential election in North Carolina will shape America’s energy future. The current administration’s clean energy investments, led by Biden and Harris, aim to combat climate change while creating jobs. Harris’s potential presidency could further these initiatives. However, Trump’s policies may reverse progress by prioritizing tax cuts over clean energy. The article emphasizes the importance of this energy transformation for economic growth and sustainability.
As the 2024 Presidential election unfolds in North Carolina, American energy’s future is a key topic with significant implications for finances, businesses, and the environment.
Climate change is no longer an abstract idea; we experience its effects with daily record-breaking heat.
Energy use impacts lives, from hurricanes to extreme heat in the Southwest, wildfires in California, and the vast investment potential in the market.
Amid extreme weather, we can simultaneously support the economy, lower utility bills, and combat climate change thanks to clean energy investments from President Biden and Vice President Harris. These efforts promise to reduce pollution, create millions of jobs, and increase energy production.
If Harris becomes president, she could further these clean energy investments, completing the work already started and ensuring factories begin operations, rejuvenating communities. The law represents the world’s largest climate and clean energy investment, reclaiming leadership in these industries from China.
Major transformations historically take over a decade, as seen with the shift to digital technology and improvements in healthcare access.
The climate law supports a blend of government and private sector efforts, offering stability with enhanced clean energy tax credits that encourage long-term business planning.
These policies are effective; the private sector has announced over $400 billion in new clean energy investments, creating 400,000 jobs since the IRA was enacted.
This activity is transforming communities nationwide, from West Virginia to Washington. In 2023, clean energy jobs grew faster than traditional energy and twice the average US job market rate.
More than 800 new or expanded clean energy manufacturing sites are planned, with 80% of investments going to counties with lower college graduation rates. These initiatives offer hope for generational economic prosperity.
A decade from now, families will benefit from lower utility bills, cleaner air, less reliance on foreign energy, and more jobs in the energy economy launched recently.
Yet, Trump aims to change this course. In 2025, Congress will discuss energy tax credits, and Republicans prioritize extending Trump’s tax cuts, likely at the expense of clean energy credits.
Eighteen House Republicans urged the Speaker not to cut clean energy credits due to their role in job creation, but they may prioritize tax cuts favoring wealthy donors.
Removing these investments risks losing thousands of jobs, hindering supply chain builds, worsening air quality, and escalating home energy costs, while exacerbating climate change.
America is in the midst of a vital energy transformation, offering more choices, jobs, and leadership. Consider Harris winning and expanding this clean energy transition, enlarging industries, and strengthening communities, while reducing extreme heat records.
On November 5th
America’s energy fate will be determined: advancing with new leadership or clinging to outdated methods while global competitors forge ahead.
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