Wednesday, July 6, 2022
HomeMiddle ColumnReport: 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

Claim: “I led the US lawsuit against big tobacco … Big oil is next”

Lawyer Sharon Y. Eubanks thinks the great legal weakness of Big Oil is their attempts to greenwash. She could have a point.

Claim: Discovery Reveals Large, Year-Round Ozone Hole Over Tropics

An ozone hole, seven times larger than the Antarctic ozone hole, is currently sitting over tropical regions and has been since the 1980s, according...

Putting Coal Into the African Perspective

In fact you can honestly say that by building coal powered stations in southern Africa, you can reduce CO2 emissions!