Probably doomed to the Can, but let's see....
So, the long-awaited plan is to reduce the emission of CO2 from the US electricity sector by 30% relative to the 2005 peak, by 2030. Since we are already down 15% (in 10 years), the plan really mandates another 15% reduction over the next 15 years, or 1% a year.
Since electricity is less than 50% of US carbon emissions...the new EPA plan will reduce US emission by ~6% over the next 15 years.
I'll start:
—Yes, you could call it a 'War on Coal' if you want.
—No, I don't think you 'electric rates will necessarily skyrocket'
—The Chamber of Commerce says it'll cost $50B a year...
—the EPA estimates costs will be less than $10-25B a year, and health benefits will be >$50B a year
—Paul Krugman has already pointed out that even if you accept the inflated CoC number, its a 0.2% drag on the US economy....like Dr. Evil asking for 'one meeelion dollars'.
I think its a (small) no-brainer. But you have to start somewhere. And the impact of this is about the same as the fleet mpg improvements made in BO's first term. The EPA is 'doubling down'.
So, the long-awaited plan is to reduce the emission of CO2 from the US electricity sector by 30% relative to the 2005 peak, by 2030. Since we are already down 15% (in 10 years), the plan really mandates another 15% reduction over the next 15 years, or 1% a year.
Since electricity is less than 50% of US carbon emissions...the new EPA plan will reduce US emission by ~6% over the next 15 years.
I'll start:
—Yes, you could call it a 'War on Coal' if you want.
—No, I don't think you 'electric rates will necessarily skyrocket'
—The Chamber of Commerce says it'll cost $50B a year...
—the EPA estimates costs will be less than $10-25B a year, and health benefits will be >$50B a year
—Paul Krugman has already pointed out that even if you accept the inflated CoC number, its a 0.2% drag on the US economy....like Dr. Evil asking for 'one meeelion dollars'.
I think its a (small) no-brainer. But you have to start somewhere. And the impact of this is about the same as the fleet mpg improvements made in BO's first term. The EPA is 'doubling down'.