According to a report by the American Action Forum, EPA’s carbon dioxide regulation would end up “destroying nearly four times as many jobs as the agency said it would by 2030.” That’s a job loss as high as 296,000. The Daily Caller,
AAF’s report found the EPA’s rule to fight global warming endangers the viability of more than 90 power plants across the country that produce 50 gigawatts of power. These plant closures, the EPA says, will put 80,000 people out of work by 2030. But once economy-wide impacts are taken into account, some 296,000 jobs could be lost during that time, notes AAF…
The EPA’s carbon dioxide regulation is set to be finalized this summer and would force states to cut power plant emissions 30 percent below 2005 levels by 2030. The rule has already been challenged by at least a dozen states — oral arguments were actually heard Thursday.
The Obama administration has spun the regulation as one that will spur green energy development, reduce carbon dioxide emissions and improve public health as the power sector shuts down coal plants. But the administration has obscured the fact their own estimates show about 80,000 job losses from power plant closures alone.