Aug 21, 2018
Freedom Partners: EPA Energy Rule Will Strengthen the American Economy
Post by Freedom Partners
Arlington, VA – The Environmental Protection Agency (EPA) today released its proposed Affordable Clean Energy (ACE) rule. The plan would give states leeway to control their own generating systems in ways they see fit.
Freedom Partners Executive Vice President Nathan Nascimento issued the following statement:
“The EPA’s Affordable Clean Energy rule is a vast improvement on the Obama administration’s ill-conceived proposal that fortunately never went into effect. America is already a world leader in emissions reductions and market forces are shifting the demand towards multiple energy sources. This new plan will make energy more affordable to American consumers and boost the growth of our economy.”
The Clean Power Plan (CPP) was introduced by the Obama administration in 2015 and would have sped a shift away from coal use and toward sources like natural gas, wind and solar. The Obama-era plan would have instituted a series of burdensome regulations that provided limited environmental benefits while significantly damaging the American economy.
Simulations using the EPA’s own climate model show that a full implementation of the CPP would have averted “less than two one-hundredths of a degree Celsius temperature rise by the year 2100.”
The U.S. led the world in reducing carbon dioxide emissions in 2017. The U.S Energy Information Administration (EIA) estimates that U.S. energy-related CO2 emissions declined by 861 million metric tons (14%) from 2005 to 2017.
A Heritage Foundation analysis estimated the CPP would have cost Americans an average annual shortfall of nearly 400,000 jobs by 2035 — more than half in manufacturing.