American Elephants


EPA’s New Regulations Will Cause Double-Digit Increases in the Cost of Electricity in Most States. by The Elephant's Child

blobThe EPA’s Clean Power Plan is meant to fulfill Obama’s brag about bankrupting the coal industry. Burning coal produces carbon dioxide, which Obama believes to be the cause of global warming which he sees as the greatest threat to mankind, and darn it, he’s just determined to save us all from the horrors of a warming planet. Even NASA has said the 2015 is the warmest year ever, but they came up with those numbers by making up temperatures for the vast areas of South America where there are no temperatures available.

Two new studies by Energy Ventures Analysis and NERA Economic Consulting claim the EPA’s Clean Power Plan will raise electricity prices in every state it covers, with nearly all of them seeing price increases of 10 to 25 percent by the 2030s, which will accomplish nothing, nothing at all.

Forty-six states will face double digit increases in wholesale electricity cost when the CPP is fully implemented in 2030, with 16 states projected to experience a 25+ percent increase,” according to EVA’s report that was done on behalf of the National Mining Association.

NERA’s study found that “40 states could have average retail electricity price increases of 10% or more” and “17 states could have average retail electricity price increases of 20% or more.” Another “10 states could have average retail electricity price increases of 30% or more,” according to NERA’s study, financed by the American Coalition for Clean Coal Electricity.

Many noted scientists believe that the globe is cooling, rather than warming, and shuttering coal-fired power plants may be disastrous in colder parts of the country. Obama’s favored wind turbines are inclined to shut down  when it freezes.

The goal is to achieve a 32 percent reduction in CO2 by 2030. With its usual hubris, the EPA claims the CPP will yield $26 billion to $45 billion in net health and climate benefits from fewer power plants. That will be all the children who didn’t get the asthma they surely would have suffered from if nothing were done. As I keep pointing out, the EPA always goes for asthma, because doctors don’t know the cause.

Republican lawmakers  and dozens of states have warned that any global climate treaty can be undone in the courts. Obama expects to get China and other Asian countries to sign on to his climate change treaty, but China and India, and all the nations in between are building coal-fired power plants as fast as they can be built.They want the benefits of low cost power to grow their economies.

The Germans are turning back to coal fired plants, and the British will likely follow. They have done wind and solar and found them wanting, and now they want out.

Obama sees a planetary disaster, but the American people are not much interested. We have been threatened with disaster for over 20 years, and Americans are not willing to carpool, ride a bike or forego a vacation, In 1980, 0.05 percent of American biked to work. Today 0.06 percent of the people do. (That’s why we built all those expensive bike lanes.) Americans tell pollsters that they care about global warming, but when it comes right down to it — they seem to be pretty dubious.

Affordable power has meant growth and prosperity wherever it is available. Shutting down coal-fired plants will accomplish nothing, nothing at all, except a lot of unemployment and a lot of misery. It will make not the slightest differece in the amount of CO2 in the atmosphere. A higher cost of electricity will go a long way towards eliminating any growth in the economy. Takes sheer brilliance to accomplish all that.


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