Wednesday, January 27, 2021
Home Middle Column Report: EPA’s global warming agenda will cost the economy $2.23 trillion

Report: EPA’s global warming agenda will cost the economy $2.23 trillion

-

climate rules aimed at phasing out coal-fired power in favor of low-carbon fuels will come at a high cost, according to a newly released report.

Over the next two decades, the EPA’s rules to fight global warming will cost the economy $2.23 trillion, raise energy prices and lower families’ incomes.

Using economic models based on the federal government’s National Energy Model System, the conservative Heritage Foundation found that, by the end of 2023, EPA climate regulations will cost the U.S. nearly 600,000 jobs and reduce a family of four’s income by $1,200.

EPA rules would also raise energy prices and cost the economy $2.23 trillion from 2015 to 2038.

Read more: http://dailycaller.com/2014/03/04/report-epas-global-warming-agenda-will-cost-the-economy-2-23-trillion/#ixzz2v6O5hVSo

- Advertisment -

Related Articles

Elon Musk Offers $100 Million for the Best Carbon Capture Technology

Remember all those assurances we've heard over the years, that carbon capture technology is ready for mainstream deployment? Turns out the technology is a...

Complete Ensemble Empirical Mode Decomposition

Guest Post by Willis Eschenbach Back in 2015 in a post called “Noise Assisted Data Analysis“, I described a way to decompose a signal...

Meet The Team Shaking Up Climate Models

They have gathered some of the brightest experts from around the world to start to build a new, modern climate model. They hope to...