OBAMA'S "CLEAN POWER PLAN" SHOULD BE CALLED THE "COSTLY POWER PLAN": Energy Ventures Analysis (EVA) just released its analysis of the EPA’s “Clean Power Plan” (CPP), which mandates a 32 percent reduction of carbon dioxide emissions from the electric generating sector by 2030 from 2005 levels. While EPA claims the regulation will be virtually cost free, this study finds: Consumers will pay an additional $214 billion by 2030. Read more.
CLIMATE TALKS IN PARIS: INDIA TO STAY FIRM ON USE OF COAL: India will not agree to any proposal at the climate change negotiations that will seek to restrict the use of coal as a source of energy in the near term, a key member of the country’s negotiating team said on Wednesday. More than 190 countries will gather in Paris later this month for a two-week annual climate change conference that is expected to deliver a global agreement this year. Read more.
NEW NERA STUDY DETAILS ECONOMIC IMPACT OF CLEAN POWER PLAN:
A new study by NERA Economic Consulting explains the economic impact from increased regulations from the federal government’s Clean Power Plan (CCP) in great detail. The CCP’s goal is to reduce carbon emissions from new and existing fossil-fueled power plants in the United States. States have the responsibility to meet the CPP goals. Read more.