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Washington, D.C. New analysis from NERA Economic Consulting projects significant negative economic impacts resulting from the Environmental Protection Agency’s proposed “Clean Power Plan” to regulate CO2 emissions from existing fossil-fuel power plants under section 111(d) of the Clean Air Act.

 

NERA projects that the costs to comply with EPA’s proposed plan could total $366 billion, or more, in today’s dollars. The analysis also finds that 43 states will have double-digit electricity price increases, with 14 states potentially facing peak year electricity price increases that exceed 20 percent. Despite these significant costs, EPA’s proposal would have a meaningless effect on global climate change: atmospheric CO2 concentrations would be reduced by less than one-half of a percent, equating to reductions in global average temperature of less than 2/100th of a degree, and sea level rise would be reduced by 1/100th of an inch—equal to the thickness of three sheets of paper.

 

NERA also projected that EPA’s Clean Power Plan could cost consumers and businesses a staggering $41 billion or more per year, far outpacing the costs of all Clean Air Act rules for power plants in 2010 ($7 billion) and the annual cost of the Mercury and Air Toxics Standards rule ($10 billion). Much of NERA’s cost projection is based on consumers having to spend more than $500 billion to reduce their use of electricity. The NERA analysis also finds that the proposal could shutter 45,000 megawatts or more of coal-based electricity, which is more than the entire electricity supply of New England.

 

EPA’s proposal sets state CO2 emission rate targets for 49 states based on four EPA “building blocks.” The new analysis is...

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Press Release

EPA Must Provide Answers about Rulemaking Analysis

Thursday, August 14, 2014

Washington, D.C. – The American Coalition for Clean Coal Electricity (ACCCE) added its voice to growing criticism about the lack of transparency at the Environmental Protection Agency (EPA) and applauded U.S. House Science, Space, and Technology Committee Chairman Lamar Smith (R-Texas) for demanding action in a letter sent to EPA Administrator Gina McCarthy yesterday.

Tom Steyer Preaches to the Masses from his High Horse

Wednesday, August 13, 2014

Washington, D.C. – Billionaire climate activist Tom Steyer once again reminded us just how elitist and out-of-touch he really is at a conference hosted by the American Renewable Energy Institute in Aspen, CO today. Espousing the need to reach everyday people with his climate message, he noted that “super-sophisticated people” already recognize and have taken action to address the issue and implied that the “99.5 percent of the people whose lives are very busy and complicated and pressing” apparently lack the sophistication to understand climate change at all.

More Scandals Confirm Mismanagement, Lack of Transparency at EPA

Thursday, August 7, 2014

Washington, D.C. – Earlier this week, dozens of inspectors general wrote a letter to Congress blasting the lack of transparency at EPA and other agencies, citing numerous instances where they were denied timely access to critical documents and other information while conducting investigations.

As Americans Struggle at Home, President Obama Pledges Millions to Bring Climate Agenda to Africa

Wednesday, August 6, 2014

Washington, D.C. – At this week’s U.S.-Africa Leaders’ Summit, President Obama pledged to boost annual U.S. spending for his Power Africa initiative to $300 million in order to bring electricity access to 60 million homes and businesses across sub-Saharan Africa through “clean energy” and infrastructure development programs.

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