EPA’s global warming agenda will cost the economy $2.23 trillion

Posted by SolitudeIsBliss 6 years, 2 months ago to Government
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Using economic models based on the federal government’s National Energy Model System, the conservative Heritage Foundation found that, by the end of 2023, EPA climate regulations will cost the U.S. nearly 600,000 jobs and reduce a family of four’s income by $1,200.

EPA rules would also raise energy prices and cost the economy $2.23 trillion from 2015 to 2038.
That's not counting all the other Environmental regulations they're going to try and ram down our throats.
SOURCE URL: http://yellowhammernews.com/nationalpolitics/report-epas-global-warming-agenda-will-cost-economy-2-23-trillion/

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  • Posted by CircuitGuy 6 years, 2 months ago
    I can't refute their analysis, but I have doubts. It comes from the Heritage Foundation. It sounds like they're assuming no alternatives to coal or ways to burn coal without harming the environment will be found. Also, market forces may push people to produce and consumer more goods and services that don't harm the environment. For example, people may buy more digital content and fewer mfr'ed goods if mfr'ed goods get more expensive due to energy costs.

    If the 2 trillion were right and it solved climate change, it would be an amazing bargain. I'm not convinced limiting CO2 will reduce climate change enough to save 20 billion a year. My wet finger in the air says measures to reduce CO2 will NOT cost the economy 20 billion a year but will not save 20 billion a year by mitigating climate change either.

    I can see why this makes people want to stick their head in the sand.
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