Skip to comments.Report: EPA’s Global Warming Agenda Will Cost The Economy $2.23 Trillion
Posted on 03/06/2014 7:13:18 PM PST by lbryce
The Environmental Protection Agencys climate rules aimed at phasing out coal-fired power in favor of low-carbon fuels will come at a high cost, according to a newly released report.
Over the next two decades, the EPAs rules to fight global warming will cost the economy $2.23 trillion, raise energy prices and lower families incomes.
Using economic models based on the federal governments 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 fours income by $1,200.
EPA rules would also raise energy prices and cost the economy $2.23 trillion from 2015 to 2038.
Higher energy prices as a result of the regulations will squeeze both production and consumption. Since energy is a critical input for most goods and services, Americans will be hit repeatedly with higher prices as businesses pass higher costs onto consumers, writes Nick Loris, a Heritage Foundation economist and co-author of the report.
However, if a company had to absorb the costs, high energy costs would shrink profit margins and prevent businesses from investing and expanding, Loris adds. The cutbacks result in less output, fewer new jobs, and less income.
(Excerpt) Read more at dailycaller.com ...
all by design. this is to bankrupt us.
I don't see a sarcasm tag. Are you telling us you believe this anthropogenic global warming crap?
He is kidding.
Putting a sarcasm tag is just too easy.
Another FR thread today documents that the Charles River has frozen over in Boston.
The river is definitely still frozen,
Might say Paul Revere,
But that would have been
In warmer times,
Long before Global Warming began.
If Paul Revere rode the same route today,
What would he do, and what would he say?
The One if by Land, and 2 if by Sea
Would need an much needed or 3 if by Ice.
The joys of Global Warming,
With extreme Climate Changes,
Tax Boston Citizens now more
Than Georges Tea Tax before!
As of this writing, there is no Scientifically proven, laboratory tested, peer-reviewed, published article on any known Cause and Effect between the amount of CO2 and change in air temperature.
In the field, for example, the Global ppm of CO2 has increased in the last 17 years, but the Global air temperature has not changed, or has gotten colder depending on the site being measured.
Last year the Arctic Ocean Ice Cap grew in area and thickness with Global CO2 at its highest level, providing yet another addition to the very long list of field test failures to the proponents of the pop-culture, junk science speculation called Global Warming.
CO2 is essential for plants to obtain Carbon, and thus CO2 is an environmentally friendly Green House Gas right along with the most abundant Green House Gas, Water Vapor.
BTW, Water Vapor abundance in the atmosphere is 25,000 ppmillion, and CO2 is 400 ppmillion, +/-, adjusted for volcanic and seasonal variation.
Fear-mongering, Spendaholic Politicians can fool some of the real Scientists some of the time, but they have convincingly proven that they can fool all of the junk scientists all of the time.
Since abundant CO2 is essential for Green Plants to grow by the process of Photosynthesis, we FReepers are duty bound to break down the Spendaholic Politicians Barrycades that un-Scientifically discourage the increased generation of life-giving CO2.
Let us as FReepers storm the Anti-Green Energy, Phony CO2 Barrycades of the Spendaholic Politicians with the following chants and street signs:
Support Green House Gas Increases:
CO2 means more plant food for you;
Corn and CO2 go together like Wealth and Work;
Carbon is a Plants Best Friend;
If you like to hug trees, then produce more CO2;
Make more CO2, not more Taxes;
Bring back our life-giving Coal fired plants:
Support the TRUE Green Energy Revolution!
No problemo. With all the money created and saved by Green jobs and energy, this is mere chump change.
I’m sorry, I could not get that out without almost losing a kidney busting out in laughter. And, it’s not funny.
That’s a lot of money to pay for something that doesn’t exist.
Wish I could think of a phony scam that would net me half as much.
What about the 200 coal fires in America?
Good Lord ! This means that from now on, Obama and family will have to get to their vacation destination at Martha’s vinyard on bicycles. Right? (Or maybe snow shoes.)
2 trillion $ and government tyranny all for a hoax called global warming
Well I love that frozen water...
Awww, Boston, you're my home!
Nah. That’s low-ballin’ it! (LOVE the graphic, BTW!)
No price is too high when you are trying to attain ideological goals.