Feb 10, 2016

Statement on SCOTUS Stay of EPA Carbon Rule

Post by Freedom Partners

Arlington, VA — The Supreme Court has blocked the EPA carbon rule until legal questions are resolved.

Freedom Partners Senior Policy Advisor Andy Koenig issued the following statement:

“The Supreme Court has rightly acted to protect Americans from the EPA’s crushing energy regulations that are facing serious legal challenges from 29 different states. This ruling confirms that governors across the country were right to resist putting forth a plan that would pave the way for higher energy costs. Now is the time for more states to follow their lead and reject this energy scheme that amounts to a massive tax increase on those who can least afford it.”

BACKGROUND

EPA Energy Regulations Would Have A Devastating Impact On Energy Costs

The Cost Of Complying With The Clean Power Plan Could Be About $366 Billion Over A 15-Year Period. “The net result is that energy system costs would be greater by about $366 billion in present value terms over the period from 2017 through 2031 under the State Unconstrained (BB1-4) scenario.” (David Harrison, Jr. And Anne E. Smith, “Potential Energy Impacts Of The EPA Proposed Clean Power Plan, NERA Economic Consulting, October 2014)

“NERA Concluded That The EPA’s Rule Would Cost Consumers And Businesses $41 Billion Or More A Year, Nearly Five Times The Costs Of All Clean Air Act Rules For Power Plants Prior To 2010.”(Timothy Cama, “Industry-Backed Report Says EPA Climate Rule To Cost $366B,” The Hill, 10/16/14)

“Compliance Spending Will Total $29 Billion To $39 Billion Per Year.”  (American Coalition For Clean Coal Electricity, “FAQs About NERA’s Analysis Of The Clean Power Plan,” November 2015)

“Compliance Spending Over The Period 2022 To 2033 Will Total $220 Billion To $292 Billion.” (American Coalition For Clean Coal Electricity, “FAQs About NERA’s Analysis Of The Clean Power Plan,” November 2015)

“NERA Said The Proposed Rule Would Close 45,000 Megawatts Of Coal-Fired Power Generation Capacity, Which Is More Than New England’s Entire Capacity.” (Timothy Cama, “Industry-Backed Report Says EPA Climate Rule To Cost $366B,”(The Hill, 10/16/14)

“All Of The Lower 48 States Will Have Higher Electricity Prices Because Of The Clean Power Plan.” (American Coalition For Clean Coal Electricity, “FAQs About NERA’s Analysis Of The Clean Power Plan,”November 2015)

“28 States Are Projected To See Peak-Year Electricity Price Increases Of More Than 20%.”(American Coalition For Clean Coal Electricity, “FAQs About NERA’s Analysis Of The Clean Power Plan,” November 2015)

43 States Will See Double-Digit Percentage Increases In Electricity Bills. “The analysis, written by Nera Economic Consulting, said that people in 43 states would see double-digit percentage increases in their electricity bills, with at least 20 percent increases in 14 states.” (Timothy Cama, “Industry-Backed Report Says EPA Climate Rule To Cost $366B,” The Hill, 10/16/14)

The EPA Rule Would Produce Nearly No Discernable Environmental Benefit In Exchange For Billions In Costs Felt By Middle Class Consumers

EPA Administrator Gina McCarthy Professed That “The great thing about this [111(d)] proposal is that it really is an investment opportunity. This is not about pollution control.” (Energy & Commerce Committee)

“The Carbon Dioxide Reductions Would Only Limit Global Warming By 0.02 Degrees And Sea Level Rises By 0.01 Inch, Researchers Said.”(Timothy Cama, “Industry-Backed Report Says EPA Climate Rule To Cost $366B,” The Hill, 10/16/14)

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