Are CO2 regs worth the economic cost?
To the editor:
Network TV has been reporting on the Obama Administration EPA’s new regulations calling for a substantial reduction in carbon dioxide emissions from stationary power plants. Thirty percent and more in some cases.
They claim it will reduce global warming. But their own model indicates the reduction would be a miniscule 0.015 C by the year 2100. Moreover, they admit the regulations would involve job losses and cause electricity prices to increase 6.5 percent over the next six years.
Empirical evidence shows a warming plateau in global temperatures for almost 18 years with a slight cooling trend since 2005. Carbon dioxide in the atmosphere has increased significantly, relatively speaking, during the approximate same time frame.
If carbon dioxide emissions are a significant factor in global warming at all, serious people must ask if these economy busting job killing regulations are worthwhile from a cost benefit standpoint.