President Donald Trump’s energy policy is having the opposite effect of what he promised on the campaign trail. Instead of cutting energy bills in half, his policies are expected to raise costs for American households by over half a trillion dollars by 2040.

Higher Energy Bills

A new analysis by Energy Innovation, a clean energy think tank, suggests that the Trump administration’s attacks on wind and solar energy, as well as its support for coal, will lead to higher energy bills for Americans. The report found that individual households will pay $460 more for their energy costs by 2035, and up to $490 more per household by 2040.

The Trump administration’s energy policy has been focused on promoting fossil fuels, including coal, and rolling back regulations on the industry. However, this approach has been criticized for being out of touch with the needs of American consumers, who are increasingly looking for cleaner and more affordable energy options.

Impact on the Environment

The Trump administration’s energy policy is not only bad for American consumers, but it is also harmful to the environment. The use of coal, in particular, is a major contributor to air pollution and climate change. The Energy Innovation analysis found that the Trump administration’s policies will lead to an increase in air pollution, resulting in higher healthcare costs for Americans.

The report also found that the Trump administration’s policies will slow the growth of the electric vehicle market in the US, which will lead to increased demand for gasoline and higher emissions. This is despite the fact that electric vehicles are becoming increasingly popular, with many Americans looking for cleaner and more affordable transportation options.

Original reporting: El Paso News (HLL/CB) — read the source article.