The Environmental Protection Agency (EPA) is proposing new regulations on carbon emissions from the power plants of today and tomorrow. In order to evaluate these new regulations, all Americans should understand the effect they will have on consumers, our economy, and on carbon emissions.
For the first time, this analysis is now available. Our report, "Assessing the Impact of Potential New Carbon Regulations in the United States," illustrates the impacts associated with an EPA regime modeled on the Obama Administration's stated emissions reductions goal. To obtain the most accurate modeling and analysis possible for the report, we commissioned the respected global energy and economics firm IHS. The conclusions of the report are our own.
Our analysis shows that Americans will pay significantly more for electricity, see slower economic growth and fewer jobs, and have less disposable income. In fact, the cumulative impact to the economy could be $859 billion by 2030 (an average of over $50 billion every year). Potential EPA regulations would result in a very slight reduction in carbon emissions, which would be overwhelmed by global increases.
To help understand the impacts, you'll find fact sheets and maps as well as the report itself on this page. We encourage you to stay engaged on this important topic.