How high prices will rise is tough to estimate because of the bewildering complexity of a rule that states are expected to implement. Economists at IHS International ignored EPA’s fairy tale estimates of cost savings expected from increased energy efficiency. IHS put annual economic losses at about $50 billion and annual job losses at 224,000, as higher electricity prices steal throughout the economy and slowly stifle growth. Other studies, examining a similar carbon reduction plan for power plants, put the probable costs much higher. But you get the picture.
Posted on: Thu, 07 Aug 2014 14:15:02 +0000
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