Just yesterday, the administration announced plans to cut the Department of Energy’s (DOE) renewable energy and energy efficiency program budgets by 72 percent according to a leaked draft of the DOE budget for fiscal year 2019. This is the second major blow to the renewable energy industry, coming only days after Trump imposed a 30% tariff on solar imports.
I find this ironic. On Tuesday, Trump stood before our country to deliver his first State of the Union address. It was a story on “America First” and domestic policy took the center stage – tax cuts, trade, the economy, jobs…and more jobs. But as he praised the accomplishments in these issues over the past year, I couldn’t help but see the other side: the opportunities we’re missing and the jobs we’re giving up (now even more so).
Earlier this week, Trump announced his decision to impose a 30 percent tariff on imported solar panels. A tariff will have a negative impact on solar – one of the fastest growing industries in the entire country.
Environmental Defense Fund released its second annual jobs report yesterday, In Demand: Clean Energy, Sustainability and the New American Workforce, following Trump’s decision. The report shows that solar jobs now outnumber those in the coal industry 1.6 to 1, with coal employing only 160,000. Even better, these jobs are local, well-paying and available to individuals from all types of educational backgrounds and career history.
But now, solar jobs are at risk. Yesterday, Solar Energy Industries Association (SEIA) estimated as many as 23,000 jobs would be lost under Trump’s tariff. The supportive policy environment that encouraged this growth is no longer in place. Let me explain.
Happy Cyber Monday everyone.
For those of us who didn’t break the bank on Black Friday, we’re filling up our online shopping carts with Cyber Monday sales – seeing if we can break new records of consumerism. I know I am.
Last year’s Cyber Monday was the biggest day in the history of U.S. e-commerce, totaling $3.45 billion in online purchases. That’s an enormous amount of money. But it’s just a drop in the bucket compared to the $25 billion spent on China’s Singles Day – a recording-breaking day for sales.
What started as an anti-Valentine’s day holiday for single Chinese people, Singles Day makes our Black Friday and Cyber Monday look like any ordinary day of shopping. Singles Day has become the world’s largest online shopping holiday. When you look at China’s population, it’s no surprise they out-shopped us. The economy will be made up of 500 million middle class consumers in the next five years – an exploding population – all of which are embracing the convenience and material abundance of consumerism.