Written by NCPA
NCPA Senior Fellow Sterling Burnett said the rule could cause real harm to ordinary citizens. "It will do nothing to help global warming but it will hurt the economy and working people," Burnett said.
According to the NCPA analysis, small businesses, hospitals and even large single-family homes could become subject to EPA regulations. Furthermore, the proposed rule would cause a shift from coal to natural gas as the dominate fuel for domestic electric, which would result in greater imports and reduced energy security.
The study also indicates that:
The EPA proposed rule focuses on whether it should be regulating greenhouse gas emissions and whether the Clean Air Act is an effective way to do so.
"These sweeping regulations would cause energy prices to rise, but will make very little difference in the overall concentration of greenhouse gases," Berg said.
"Using the Clean Air Act to regulate greenhouse gases is not at all what the law was intended to do," Burnett said. "You'll see a lot of regulation without any results."
The NCPA Brief Analysis can be read at http://www.ncpa.org/pub/ba/ba634/ba634.pdf. The National Center for Policy Analysis is a nonprofit, nonpartisan organization whose goal is to solve public policy problems by developing and promoting innovative, market-driven solutions.