America’s energy sector has the power to bring unprecedented economic growth to our nation. But we are only partially able to take advantage of that power. One obstacle often holds this sector back: regulation. While good rules foster growth, poorly conceived policies can stymie growth. Analyzing and quantifying the regulatory cost to society is hard, which is why most experts shy away from the effort.
On September 12, 2013, energy experts, lawmakers, and leading industry figures met at the George W. Bush Presidential Center in a bold effort to determine the cost that misguided regulation imposes on growth and to suggest more sensible policies that could benefit America. Learn more about the conference here.
Hidden Costs: The Precautionary Principle, and Risks of Clean Energy Policy
By Dino Falaschetti
Falaschetti finds that for every $100 billion that the United States centrally directs to clean energy, GDP may decrease by over 0.4%. Compounded over a generation, this reduction approximates today’s per capita income gap between the United States and Italy.
The Energy Wealth of Indian Nations
By Shawn Regan and Terry L. Anderson
Currently Native American reservations are unable to develop their vast energy resources due to poorly-defined property rights. If policies were different and tribes could earn a 5% return on their energy resources, Native Americans would have additional income of $75 billion per year, and U.S. GDP would increase by as much as 0.5% per year.
The Energy Logjam
By Bernard L. Weinstein and Nicholas Saliba
This handbook provides vital statistics showing how removing regulatory barriers on the energy sector could unleash stronger U.S. economic growth.
View more videos from the conference online at www.bushcenter.org/live.