By the Numbers: The Real Impacts of EPA’s Clean Power Plan
NERA’s new analysis projects that EPA’s Clean Power Plan will cost consumers and businesses as much as $39 billion a year, far outpacing the costs of compliance for all EPA rules for power plants in 2010 ($7 billion) and the annual cost of the Mercury and Air Toxics Standards rule ($10 billion). The analysis also finds that additional coal retirements would total up to 47,000 megawatts or more of coal-based electricity, posing a major threat to electric reliability in many parts of the country.
Despite these significant impacts, EPA’s illegal rule will have virtually no effect on climate change, reducing atmospheric CO2 concentration by less than one-half of a percent, lowering global average temperature by 2/100th of a degree, and reducing sea level rise by the thickness of two sheets of paper.
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