Energy and the Environment: EPA's New Carbon Rule: Lots of Heat,Little Light |
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| Authors: | Jonathan A Lesser |
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| Affiliation: | Jonathan A. Lesser: , PhD, is president of Continental Economics, Inc., an economic and litigation consulting firm, with offices in Washington, DC, and Albuquerque, New Mexico. He can be reached at (202) 446-2062 or at jlesser@continentalecon.com. |
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| Abstract: | Shakespeare seems to describe appropriately the Environmental Protection Agency's proposed new Clean Power Act rule, a 645-page monstrosity that will, supposedly, reduce carbon dioxide (CO2) emissions from electric-generating plants by 30 percent from 2005 levels by 2030. Although power plant emissions have already decreased significantly since 2005, thanks to the wonders of hydraulic fracturing and low-cost natural gas, the EPA's rule nevertheless is supposed to save the world from the multitudinous horrors that will be wrought by global warming—climate change, climate volatility, or whatever today's favorite moniker happens to be. |
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