The Environmental Protection Agency's internal analysis of its power plant regulations are based on questionable assumptions that downplay associated costs, according to a report.
‘The Big Sunday Show’ panelists discuss AOC continuing to push the climate narrative and how the Biden administration is set to crack down on power plants.is based on overly rosy assumptions that experts argue vastly downplay how the regulations are projected to impact power grid reliability and costs.
"If someone were to actually provide a real straight-laced sort of no-nonsense look at this, the costs would be far more significant, thereby essentially opening this up to being a more significant rulemaking."fossil fuel-fired power plant emissions For example, the RIA states that, under a baseline scenario without the EPA's proposed regulations, power sector emissions are expected to plummet 80% below 2005 levels by 2040. With the regulations, though, the agency assumes emissions will decline 81%, a meager 1% difference compared to the baseline scenario.
Further, the baseline scenario substantially deviates from projections made by the Energy Information Administration , the nonpartisan statistics office within the Department of Energy. The EIA's 2023 forecast, which factors in Inflation Reduction Act provisions, says natural gas prices will increase to $3.94 per million Btu in 2040, 97% higher than what EPA says the price will be in its baseline.
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