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House Republicans recently unveiled a package of four bills that would ostensibly address environmental concerns. Unfortunately, upon closer inspection, these bills are a rehash of failed policies that pick winners and losers by promoting a culture of corporate welfare that slows innovation and prosperity.
The last decade has proven that human ingenuity and innovation – not government intervention and handouts for select industries – is a better way to reduce carbon emissions.
Market forces and technological innovations spurred on by American entrepreneurs increased the use of natural gas in the power sector, displacing coal and reducing emissions faster than any top-down plan could ever have, and doing so without burdening consumers with higher energy prices.
Currently, the United States is the world leader in total emissions decline, proving that innovations driven by entrepreneurs and a private sector unhindered by government intervention and red tape is the better path forward to reducing our emissions.
Here are the four bills that republicans have introduced and why they are not responsible public policy:
Legislators should turn the page on corporate welfare and focus on removing regulatory barriers for innovators and entrepreneurs. The last decade proved that unleashing market forces is the most powerful tool at our disposal to reduce emissions.