By Doug Domenech. He is the director of the Fueling Freedom Project at the Texas Public Policy Foundation. He is the former Virginia secretary of natural resources and deputy chief of staff for the U.S. Department of the Interior in the George W. Bush administration. Excerpt:
"EXPENSIVE: The cost of the rule is in the billions. The final rule still imposes higher energy prices on families, businesses, and the poor. NERA Economic Consulting estimates that U.S. electricity prices will increase by an average of 12 to 17 percent. The Heritage Foundation estimates a loss of $2.5 trillion in gross domestic product and more than 1 million job losses.
INFLEXIBLE: The final rule still offers no actual flexibility to the states. EPA to states: “Comply, or else.” Utilities are scared sh-tless.
DESTABLIZING: According to the North American Electric Reliability Corporation, regional grid operators, and the Federal Energy Regulatory Commission, the final rule threatens the electric power grid.
INEFFECTIVE: Even if you believe carbon is a pollutant, the final rule still does nothing to address climate change—in fact, it only reduces global temperatures by an immeasurable 0.018 degrees Celsius by 2100. Say what? The EPA’s climate rule fails to impact the climate in any meaningful fashion, since the vast majority of global emissions originate outside the United States."
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