End the Coal Moratorium
Greenhouse gas regulations, energy, carbon dioxide
Institute for Energy Research , Bio and Archives--June 24, 2014
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The Institute for Energy Research commissioned a report assessing the implications of the federal government’s anti-coal policies. The report, “Protect the American People: Moratorium on Coal Plant Closures Essential,” was co-authored by Dr. Roger Bezdek and Dr. Frank Clemente and comes in the wake of the EPA’s newly proposed greenhouse gas regulations, which will force electricity providers to reduce their emissions of carbon dioxide.
The report calls for an immediate moratorium on closure of coal plants to protect reliability, maintain affordability and security of our energy system for families and businesses. Key findings include:
- Policies that hurt the U.S. coal fleet will significantly increase wholesale electric rates – and could increase them by as much as 80 percent;
- Anti-coal policies harm those who can least afford it – low income families, minorities, children and the elderly;
- By taking coal out of our energy mix, huge price increases for other electricity sources will be necessary to make sure the lights stay on;
- Coal met 92 percent of the year-over-year incremental electricity demand during the first two months of 2014;
- In early 2014, without coal plants, parts of New England, the Midwest and other regions would have experienced brownouts and blackouts that would have been economically disastrous and threatened human health and safety, and next winter many of those plants will not operate due to government policies;
- U.S. coal used for electricity generation has increased 170 percent since 1970 as key emission rates have been reduced by 90 percent;
- Key states will be especially negatively impacted, including Indiana, Iowa, Michigan, Missouri, Ohio, West Virginia and Wyoming.
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Institute for Energy Research——Bio and Archives
The Institute for Energy Research (IER) is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets. IER maintains that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society.