Tuesday, July 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

Hubble Finds First Evidence of Water Vapor at Jupiter’s Moon Ganymede

For the first time, astronomers have uncovered evidence of water vapor in the atmosphere of Jupiter's moon Ganymede. This water vapor forms when ice...

Claim: 1972 Club of Rome End of World Prediction Still on Track, Thanks to Climate Change

Apparently if you adjust a few factors and squint just right, the 1972 Limits to Growth is a remarkably good fit for the doomed...

Keeping Things In Balance

Guest Post by Willis Eschenbach Let me start with the standard explanation of why the earth warms when greenhouse gases (“GHGs”, e.g. water vapor,...