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Joint Economic Committee Democrats Chairman - Senator Martin Heinrich (D-NM)

Investing in Our Planet


This Earth Day, we are reminded that inaction on climate change and a lack of investment in our planet would have detrimental impacts on our climate, economy, and families across the world. The costs of inaction on climate are striking and widespread. Perhaps more alarming, the costs are rising rapidly and are disproportionately borne by the marginalized communities least able to bear them.

There is cause for hope: the costs of addressing climate change are declining precipitously, making investments to address the climate crisis more affordable and productive than ever before. Moreover, these costs are projected to continue to fall, paving the way for bold climate investments to create jobs, reduce household costs, improve health outcomes and ensure a healthy planet for current and future generations.

investments in our planet are essential not only to addressing climate change, but also to promoting a stronger and more resilient economy.

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Investing in the next generation of wind energy is imperative to support the transition to cleaner energy and independence from fossil fuels in the United States. Expanding wind energy production will make the U.S. resilient against climate change, increase access to cheaper and cleaner energy and yield significant economic benefits across the country.

On Earth Day, wind energy’s demonstrated effectiveness and unrealized potential highlight how investments in the planet also benefit the economy. It is important for Congress and the Biden administration to continue to invest in wind energy to promote economic opportunities across the country. Click to tweet about this here.

Read the brief: Investments in Wind Energy Will Help to Create AFairer and More Resilient Economy


Electrifying homes and businesses is a simple, effective way to reduce costs for families and enable communities to transition to clean energy. Electrifying homes and buildings will not only help families save money on household energy costs and healthcare, it will also make homes safer and reduce harmful emissions. Policies that encourage electrification will create long-term savings, improve public health and help transition communities to affordable clean energy. Click to tweet about this here.

Click here for fast facts on electrification. 

Read the fact sheet: 
How Electrifying Homes Will Reduce Energy Costs for Families and Help Communities Transition to Clean Energy

Revisit the hearing: Examining the Economic Benefits of Electrifying America’s Homes and Buildings


Failure to address climate change will prove catastrophic. The economic and social costs are enormous. Climate change will increase the frequency and impact of natural disasters such as hurricanes and floods, and increase the likelihood of unbearable heat and droughts. From an economic point of view, a hotter planet will make workers and agricultural land less productive, slowing economic growth and lowering living standards over time. All Americans will bear the costs of climate change, and the small fraction of the global population that has not yet been affected shrinks every day. Unchecked, these costs—which disproportionately impact marginalized communities—will continue to compound, harming working families through reduced wages, property loss, and worse health outcomes. Click to tweet about this here.

Read the fact sheet: 11 Ways Inaction on Climate Change Will Have Devastating Consequences for the American Economy, Communities and Families

Read the report: Inaction on climate change will have devastating consequences for the economy, families, and communities