Chamber of Commerce, climate change, coal-fired power plants, EPA, Obama, social cost of carbon

Power Plant Rule Fails Administration’s Own Cost/Benefit Test

By Institute for Energy Research —— Bio and Archives--June 2, 2014

Global Warming-Energy-Environment | Comments | Back To Full Article

The Obama Administration has released its 645-page proposal that mandates existing U.S. power plants reduce their greenhouse gas emissions 30 percent below 2005 levels by the year 2030. Experts knew that such a rule was coming, and last week the U.S. Chamber of Commerce released a study outlining the huge costs such a measure would pose on the U.S. economy—including an average of $50 billion in forfeited GDP every year through 2030.

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