EPA’s draconian new plan: Is a 1% Cut in CO2 emissions worth $50 billion and 15,000 jobs annually?

We have met the enemy, and it is the EPA.

Watts Up With That?

Guest essay by Steven Capozzola, CAP Media

The Environmental Protection Agency (EPA) is preparing to finalize its Clean PowerPlan, which aims to reduce power plant carbon dioxide emissions by 30% from 2005 levels over the next 15 years.

Looking at some of the best-case scenarios for CO2 reductions, the plan could potentially cut roughly 300 million tons of CO2 annually.

Because global man-made CO2 emissions reach roughly 30 billion tons annually, it’s estimated that the EPA plan could result in a possible 1% reduction in annual man-made CO2.

Overall, man-made CO2 accounts for only 4% of total atmospheric CO2. So the true atmospheric reduction in CO2 from the EPA plan would be approximately 0.04%.

The cost for this plan is estimated at $50 billion annually, with the loss of roughly 15,000 U.S. jobs each year. Increases in household utility billscould reach $100 billion annually.

These high costs have…

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One Response to EPA’s draconian new plan: Is a 1% Cut in CO2 emissions worth $50 billion and 15,000 jobs annually?

  1. […] Public Secrets wonders if the EPA’s 1% CO2 cut is worth it economically […]

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