Study says states are prepared to limit carbon emissions from power plants
Originally published July 17, 2014
States are well positioned to implement the Environmental Protection Agency's (EPA) proposed rule to reduce carbon dioxide (CO2) emissions from existing fossil-fueled power plants, according to a new report by the Analysis Group. Reducing CO2 emissions "will tend to increase the cost of doing business for many owners of affected plants," the report said.
The impacts on electricity rates from well-designed CO2-emission control programs should be "modest in the near term, and can be accompanied by long-term benefits in the form of lower electricity bills and positive economic value to state and regional economies," the report said. The study cited four reasons for that belief:
"Several states have already put a price on carbon dioxide pollution, and their economies are doing fine. The bottom line: the economy can handle--and actually benefit from--these rules," said Analysis Group Senior Advisor Susan Tierney. "Those states have shown they already have the tools available to cut CO2 emissions while generating macroeconomic benefits and protecting consumers from dramatic hikes in their energy bills."
The report was funded by the Energy Foundation and the Merck Family Fund.
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