Jeff Merkley on Energy & Oil Democratic Jr Senator (OR)

Climate change is real, and it's bad for our economy

When Jeff was young, his dad worked as a millwright. He spent his childhood in Southern Oregon timber communities, where timber jobs were what put food on the table and kept roofs over folks' head. Fires and insect infestations are already killing trees at alarming rates across the Northwest, and climate change will only make these threats to our forests worse. Other iconic Oregon industries like our coastal oyster hatcheries are threatened by ocean acidification, and fishing and farming alike are facing threats from declining snowpacks and increased drought.

Congress needs to wake up. Climate change is real, and it's bad for our economy and jobs, especially in rural Oregon and the places that most depend on our abundant natural resources.

Cap greenhouse gases with international collaboration

A: Yes. I support such caps. Although such caps are only one of numerous initiatives that we must launch related to global climate change. Tackling global climate change is a major theme in my campaign for the US Senate.

Q: Do you support U.S. participation in binding international climate agreements?

A: Yes. Global climate change is a huge issue. If the world continues on its current path of increased carbon loading of the atmosphere, the temperature of the planet could go up 5-9 degrees in just the next 50 years, with catastrophic consequences. Moving off of this path will require an unprecedented level of international collaboration and commitment.

Set a 25 percent renewable energy national standard by 2025

Invest in research for conservation, alternative energy

Sustainable, renewable energy to combat global warming

$5 billion in tax credits for alternative energy projects.

Security in Energy and Manufacturing Act of 2011 or the SEAM Act of 2011 - Amends the Internal Revenue Code to expand the qualifying advanced energy project credit by allocating in 2011 $5 billion of grants or tax credit amounts to manufacturers of goods and components (other than for assembly of components) in the US that are used in alternative energy projects.

[Explanatory note from americanprogress.org]:

The SEAM Act provides financial assistance to US manufacturing companies that want to retool their factories for the clean energy economy. By promoting growth of the manufacturing sector, this legislation has the potential to create badly needed jobs that can put Americans back to work.

The SEAM Act goes a step beyond just providing more funding. It amends the existing terms of the funding to increase its effectiveness. The new Manufacturing Tax Credit would prioritize funding for companies that provide supplies over those that assemble goods. Drawing this distinction helps target support for companies that need it most. There`s another benefit to supporting supply companies over assembly companies. Both types of companies promote economic development, but workers in the supply chain, such as tool and die workers, welders, and machinists, are generally paid more than workers in the assembly chain.

In addition to being an effective tool for economic recovery, the SEAM Act provides an example of a well-designed tax expenditure. More than 60% of federal support for the energy industry is now delivered via `tax expenditures`--government spending programs that deliver subsidies through the tax code via special tax credits, deductions, exclusions, exemptions, and preferential rates--and a recent hearing in Congress indicates that this trend is likely to continue. Problem is, many of these tax expenditures are questionable at best.

50% clean and carbon free electricity by 2030.

Expressing the sense of Congress that the United States should establish a national goal of more than 50 percent clean and carbon free electricity by 2030 for the purposes of avoiding the worst impacts of climate change, growing our economy, increasing our shared prosperity, improving public health, and preserving our national security.

• Whereas failing to act on climate change will have a devastating impact on our Nation`s economy, costing us billions of dollars in lost GDP;
• Whereas extreme weather, intensified by climate change, has already cost taxpayers billions of dollars each year in recovery efforts, and this will only continue if climate change is left unaddressed;
• Whereas climate change will have devastating public health implications, including increased asthma attacks and exacerbation of other respiratory diseases, especially in vulnerable populations;
• Whereas inaction on climate change will disproportionately impact communities of color and exacerbate existing economic inequalities;
• Whereas the transition to a clean energy economy is feasible with existing technology;
• Whereas the transition to clean energy will create millions of jobs and will increase our country`s GDP and increase disposable household income;

1. Establish a national goal of more than 50 percent clean and carbon free electricity by 2030; and
2. Enact legislation to accelerate the transition to clean energy to meet this goal.

Green New Deal: 10-year national mobilization.

This resolution calls for the creation of a Green New Deal with the goals of:

• achieving net-zero greenhouse gas emissions;
• establishing millions of high-wage jobs and ensuring economic security for all;
• investing in infrastructure and industry;
• securing clean air and water, climate and community resiliency, healthy food, access to nature, and a sustainable environment for all; and
• promoting justice and equality.