Chamber of Commerce's Energy Institute Study

I love the way this adninistration has tunnel vision where people are concerned. They don't give a rat's patootie if people lose their jobs. They only want to kill fossil fuel and IT'S A KNOWN FACT that the U.S. has done MORE to eliminate carbon from the earth than every 3rd world country, plus Russia with China being the #1 polluter.

Don't you think they should at least take a look at the statistics? This institute has been studying this subject since at least 2011.

                -Energy Institute Report Finds That Potential New EPA Carbon Regulations Will Damage U.S. Economy

Wednesday, May 28, 2014 - 10:00am

 WASHINGTON, D.C.—The Environmental Protection Agency’s (EPA) plans to regulate carbon dioxide emissions from power plants will cost America’s economy over $50 billion a year between now and 2030, according to a new report issued by the U.S. Chamber of Commerce’s Institute for 21st Century Energy.

The report, Assessing the Impact of Potential New Carbon Regulations in the United States, estimates the economic impacts associated with an EPA regulatory regime imposed under Section 111 of the Clean Air Act and based on the Obama Administration’s emissions reduction goals. 

“Americans deserve to have an accurate picture of the costs and benefits associated with the administration's plans to reduce carbon dioxide emissions through unprecedented and aggressive EPA regulations,” said Karen Harbert, president and CEO of the Energy Institute. “Our analysis shows that Americans will pay significantly more for electricity, see slower economic growth and fewer jobs, and have less disposable income, while a slight reduction in carbon emissions will be overwhelmed by global increases.” 

The analysis found that EPA’s potential new carbon regulations would:

                -Lower U.S. Gross Domestic Product (GDP) by $51 billion on average every year through 2030
                -Lead to 224,000 fewer U.S. jobs on average every year through 2030
                -Force U.S. consumers to pay $289 billion more for electricity through 2030
                -Lower total disposable income for U.S. households by $586 billion through 2030

With global carbon emissions expected to rise by 31% between 2011 and 2030, the Energy Institute’s analysis found that EPA regulations would reduce this overall emissions level by just 1.8 percentage points.

            -Force U.S. consumers to pay $289 billion more for electricity through 2030

            -Lower total disposable income for U.S. households by $586 billion through 2030

 With global carbon emissions expected to rise by 31% between 2011 and 2030, the Energy Institute’s analysis found that EPA regulations would reduce this overall emissions level by just 1.8 percentage points.

https://www.uschamber.com/press-release/energy-institute-report-finds-potential-new-epa-carbon-regulations-will-damage-us