WOW - Welcome to the real world of progressive socialist liberal democrats. It isn't about reducing CO2, but reducing your options for prosperity and personal freedom to chose. Climate change, man -made CO2 destroying the planet, is only about income redistribution, taking from Western cultures and giving their success to those that use mass killers and torturer to gain and keep power, progressive socialist tyranny at it's worst.
Again, if you ever wondered why Mr Objma believes climate change is more dangerous then ISIS, wonder no longer. That his claims are seen as delusional or even mentally unbalanced to the average citizen is of no concern to him, he is totally infested with his agenda, ideology of fundamental change of our free society into a socialistic theocracy and there isn't anything that will deter him from his quest.
It would appear Mr Objma is mentally ill given is stands on so many situations that's beg comprehension, but he moves forward with his plans for change. Truly, Mr Objma is not now or ever was capable of leadership of this country.
Nobody but nobody vetted this man and as a result no one knows who Mr Objma really is.
New NERA Study Details Economic Impact of Clean Power Plan
By Lloyd Bentsen
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.
If they fail to come up with a carbon reduction plan or submit a plan that does not comply with CPP, the federal government steps in with their plan to meet the CPP goals. CPP goals include: All compliance scenarios lead to large reductions in average CO2 emissions. Reductions range from 19% to 21%. By 2031, annual emissions are expected to be 36% to 37% lower than in 2005. NERA estimates that the impact of the CPP on the energy sector, electricity rates and to the economy include:
Total energy sector expenditure from 2022 through 2033 increases range from $220 to $292 billion. Annual average expenditures increase between $29 and $39 billion each year.
Average annual U.S. retail electricity rate increases range from 11%/year to 14%/year over the same time period.
Losses to U.S. consumers range from $64 billion to $79 billion on a present value basis over the same time period.
State-level average electricity price increases demonstrate that many states could experience significant price increases: 40 states could have average retail electricity price increases of 10% or more. 17 states could have average retail electricity price increases of 20% or more. 10 states could have average retail electricity price increases of 30% or more.
The highest annual increase in retail rates relative to the baseline also shows that many states could experience periods of significant price increases: 41 states could have “peak” retail electricity price increases of 10% or more. 28 states could have “peak” retail electricity price increases of 20% or more. 7 states could have “peak” retail electricity price increases of 40% or more.