That the progressives are using new regulations to penalize states that voted for Republicans with rising electrical rates and huge job losses just means their agenda has nothing to do with most Americans or their problems. It means the progressives will do anything to get and keep power and by "any means necessary". That it will destroy the country is not a necessary consideration. Ideology is everything. It's just who they are. To believe differently is fatal.
Carbon Pollution and Wealth Redistribution
Source: Benjamin Zycher, "'Carbon Pollution' and Wealth Redistribution," The American, June 26, 2013.
July 2, 2013
Whatever the weakness of the evidence on greenhouse gases (GHG) and climate effects, the real goal of carbon policy is a regional redistribution of wealth, a reality that explains the inability of Congress to enact such policies since the Clinton administration. President Obama too was unable to convince even a fully Democratic Congress to adopt such policies, and so he now proposes that his Environmental Protection Agency (EPA) and Department of Energy implement regulations reducing emissions of carbon dioxide and other GHGs, says Benjamin Zycher, a visiting scholar at the American Enterprise Institute.
Instead, given that the actual climate effects of reductions in U.S. emissions would be trivial, it is straightforward to hypothesize that the direction of the wealth transfer is the central motivating objective of this policy proposal.
Source: Benjamin Zycher, "'Carbon Pollution' and Wealth Redistribution," The American, June 26, 2013.
- The president proposes the imposition of a GHG emissions standard on both new and existing electric generating plants; expansion and tightening of energy-efficiency standards for buildings, appliances, and some vehicles; and an increase in (subsidized) renewable power generation from federal lands.
- Policies making some energy sources more expensive inexorably will create such redistribution because states and regions differ in the proportions of their energy use derived from alternative technologies.
- In particular, the president's proposals will penalize areas and industries disproportionately dependent on coal-fired power.
- A recent MIT study concludes that under a policy to reduce GHG emissions "California, the Pacific Coast, New England, and New York generally experience the lowest cost...while the South Central [Arkansas, Louisiana, and Oklahoma], Texas, and Mountain States face the highest cost."
- The winners are states with high power costs or with significant inexpensive hydroelectric resources that would be unaffected by GHG policies.
- The losers are states with low power costs driven by disproportionate use of cheap, coal-fired power.
- By driving power costs up in the latter group of states, the GHG policies would reduce the competitive disadvantages of the former group.
Instead, given that the actual climate effects of reductions in U.S. emissions would be trivial, it is straightforward to hypothesize that the direction of the wealth transfer is the central motivating objective of this policy proposal.
Source: Benjamin Zycher, "'Carbon Pollution' and Wealth Redistribution," The American, June 26, 2013.
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