• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
CommentaryEnergy

Here’s How Much More Your Fridge Would Cost if Trump’s Budget Cuts Happened 40 Years Ago

By
Tarak Shah
Down Arrow Button Icon
By
Tarak Shah
Down Arrow Button Icon
March 21, 2017, 1:18 PM ET

New fridges are 20% bigger than the ones you’d find in American homes 40 years ago, but they also use four times less energy, saving the average family $150 per year. And new fridges don’t spew harmful, ozone-depleting gasses like their older counterparts.

You can thank government-sponsored research and development (R&D) for your great new fridge. Without federally-funded research in the 1980s and 90s, refrigerators may still be one of the biggest energy hogs in our homes today. But despite Donald Trump’s pledges to help ordinary families, the President’s proposed slashing science and clean energy research in the budget his administration released last week.

Trump’s budget proposes cutting funding for federal agencies fighting climate change and innovating new energy technologies across the board. At the Department of Energy (DOE), the largest funder of discovery science and clean energy innovation in the country, Trump proposes cutting these efforts by nearly one-third.

Several recent reports have recommended that we need to double or triple federally-supported clean energy R&D in order to maintain our competitive edge on the global market and keep driving innovation at home. Instead, Trump’s proposed cuts signal that the United States is no longer interested in competing for the potential multi trillion dollar global clean energy market over the next 25 years.

It’s hard to overstate the impact of DOE-supported R&D. Every major appliance in your house, the vehicle in your garage, and the widgets in factories across the country are more energy efficient because of DOE-funded work at the National Labs, universities, and in the private sector. And by making our homes, businesses, and industry more efficient and developing new ways to generate energy like solar and wind energy, the DOE is generating huge taxpayer savings on our energy bills.

It’s not just refrigerators. Today, LED light bulbs cost $2, and use 10 times less energy and last 20 times longer than a standard 60-watt bulb – again thanks to federal R&D. The savings to American consumers from just this one technology – $24 billion – dwarfs the amount spent on all R&D at DOE. Similar examples exist for air conditioners, TVs, solar panels, wind turbines, and electric vehicles, to name just a few.

Yet there is so much more R&D to do, as I learned firsthand from the scientists and engineers at our National Labs. More research is needed to make solar panels more efficient; to build bigger wind turbines; develop advanced membranes for carbon capture; to build safer, cheaper nuclear reactors, and to improve batteries for our vehicles and for the electric grid. And we need the next generation of clean energy technologies that haven’t even been dreamed up yet to keep up with growing demand. These future innovations require robust funding of basic science today.

Technology advances have the potential to revolutionize our energy sector, support millions of new jobs, increase our energy security, and spare us from the worst impacts of climate change. But they won’t happen if we slash the largest source of clean energy R&D in the country. Instead, the U.S. will cede leadership to countries like China, which are aggressively moving forward with clean energy investments.

Trump rationalizes these cuts by stating that we should rely on the private sector to fund R&D and commercialization of energy technology. But the data show otherwise. In the energy sector, investments in R&D are generally lower than in other key technology industries. Many energy tech breakthroughs take years – far longer than a typical company is willing to wait for a good return.

America leads the world in energy innovation because federal agencies can step in to make these kinds of early stage investments. Once companies have identified ways they can profitably invest, agencies then work with businesses to transition these ideas from the public sector to the private.

Trump has transformed his campaign rhetoric on climate denial into a budget document that seems to mark the opening salvo on a four-year assault on science. But it’s not all doom and gloom. In the end, Congress passes the budget, and Congress is also the key to saving R&D.

The previous Secretary of Energy, Ernest Moniz, worked hard to cultivate a positive bipartisan reputation in Congress for DOE – and it worked. Last year, the Republican House and Senate both proposed increases for DOE’s fundamental science programs, and held funding essentially constant for clean energy R&D. During his hearings, new Energy Secretary Rick Perry stated that he planned to forcefully advocate for DOE research as well.

The deep cuts President Trump proposes would stifle American innovation and entrepreneurship. It’s up to all of us to make sure that Congress realizes that energy innovation is worthy of more funding, not less.

Tarak Shah served as chief of staff for science and energy at US Department of Energy from 2014 to 2017.

About the Author
By Tarak Shah
See full bioRight Arrow Button Icon

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Most Popular

placeholder alt text
Success
'I had to take 60 meetings': Jeff Bezos says 'the hardest thing I've ever done' was raising the first million dollars of seed capital for Amazon
By Dave SmithDecember 15, 2025
21 hours ago
placeholder alt text
Success
Meetings are not work, says Southwest Airlines CEO—and he’s taking action, by blocking his calendar every afternoon from Wednesday to Friday 
By Preston ForeDecember 15, 2025
23 hours ago
placeholder alt text
Success
Sorry, six-figure earners: Elon Musk says that money will 'disappear' in the future as AI makes work (and salaries) irrelevant
By Orianna Rosa RoyleDecember 15, 2025
1 day ago
placeholder alt text
AI
Deloitte's CTO on a stunning AI transformation stat: Companies are spending 93% on tech and only 7% on people
By Nick LichtenbergDecember 15, 2025
1 day ago
placeholder alt text
Personal Finance
Current price of silver as of Monday, December 15, 2025
By Joseph HostetlerDecember 15, 2025
1 day ago
placeholder alt text
North America
Ford writes down $19.5 billion as it pivots electric Lighting line of vehicles
By Sasha RogelbergDecember 15, 2025
17 hours ago

Latest in Commentary

TD Jakes
CommentaryReligion
To heal a divided nation, America’s next chapter must rediscover a common unity
By T.D. JakesDecember 16, 2025
31 minutes ago
tree
CommentaryInflation
Colorado is suffering from Christmas Tree inflation because Denver imports most of them—from North Carolina and the Pacific Northwest
By Ali Besharat and The ConversationDecember 16, 2025
1 hour ago
Charles Lamanna
CommentaryMicrosoft
I lead Microsoft’s enterprise AI agent strategy. Here’s what every company should know about how agents will rewrite work
By Charles LamannaDecember 15, 2025
1 day ago
Julian Braithwaite is the Director General of the International Alliance for Responsible Drinking
CommentaryProductivity
Gen Z is drinking 20% less than Millennials. Productivity is rising. Coincidence? Not quite
By Julian BraithwaiteDecember 13, 2025
3 days ago
carbon
Commentaryclimate change
Banking on carbon markets 2.0: why financial institutions should engage with carbon credits
By Usha Rao-MonariDecember 13, 2025
3 days ago
Dr. Javier Cárdenas is the director of the Rockefeller Neuroscience Institute NeuroPerformance Innovation Center.
Commentaryconcussions
Fists, not football: There is no concussion protocol for domestic violence survivors
By Javier CárdenasDecember 12, 2025
4 days ago