EPA regs will harm U.S. manufacturing
Here’s a link to a new Heritage Foundation report on the impacts anti-coal EPA regs will have on American manufacturing capacity.
The Environmental Protection Agency’s (EPA) forthcoming climate change regulations for new and existing electricity generating units have been appropriately labeled the “war on coal,” because the proposed limits for carbon dioxide emissions would essentially prohibit the construction of new coal-fired power plants and force existing ones into early retirement.
However, the casualties will extend well beyond the coal industry, hurting families and businesses and taking a significant toll on American manufacturing across the nation. Congress should stop the EPA and all other federal agencies from regulating carbon dioxide and other greenhouse gas emissions. …
Heritage Foundation analysts modeled the economic effects of a phase-out of coal between the years 2015 and 2038. Using the Heritage Foundation Energy Model, a derivative of the federal government’s National Energy Model System, we found that by the end of 2023, nearly 600,000 jobs will be lost, a family of four’s income will drop by $1,200 per year, and aggregate gross domestic product decreases by $2.23 trillion over the entire period of the analysis.