President Donald Trump’s administration has set a goal of reducing the cost of the electric grid to zero by 2030, with a plan to spend $2 trillion to build new electric infrastructure.
The goal of zero-emission electricity will come as a boon to the oil and gas industry, which has struggled to meet growing demand as a result of a global economic downturn.
Energy Secretary Rick Perry said the goal is part of Trump’s efforts to reduce greenhouse gas emissions and help consumers save money.
The department also plans to boost renewable energy and invest in energy efficiency, among other projects, Perry said at a conference.
The department’s proposal will be presented to the Federal Energy Regulatory Commission on Thursday.
Perry said that he will present it at the next Energy Security and Infrastructure Conference.
“That will be a big event,” he said.
“We’ll get it all over the place.”
Perry’s remarks came after the Trump administration unveiled new goals for the electric power grid, including building more wind farms, a new transmission line to deliver electricity from the Gulf of Mexico to the Midwest, and new transmission lines to bring power to more people and communities.
Energy companies have been calling for the government to invest in new power lines, which can be more expensive than the existing ones and pose a risk to the electric industry.