Obama’s New Energy Plan Could Cost $2.5 Trillion In Lost Economic GrowthPosted: August 4, 2015
If you understand and follow the economics of the debate, this post is spot on the mark.
Scary times we live in.
This sanctimonious Earth-worship, that has fashionably gripped the planet, will destroy a lot more than 0.0004 mole fraction CO2 ever will.
By Nicolas Loris ~
It may be the most “important” from a top-down, regulatory mandate for high energy prices, but it won’t accomplish much, if anything, in terms of combating climate change.
(Photo: JIM LO SCALZO/EPA/Newscom)
Even though electricity generation accounts for the single largest source of carbon dioxide emissions in the United States, the estimated reduction is minuscule compared to global greenhouse gas emissions.
Climatologists estimate that the administration’s climate regulations will avert less than two hundredths of a degree Celsius by 2100.
In fact, all the plan will do is bring about higher energy bills, lost income, fewer jobs and a weaker economy – with little to no impact on the Earth’s temperature.
The role of the federal government…
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