Today, another mystical number, the so-called social cost of carbon, is providing the excuse for the Environmental Protection Agency and green-energy-enamored state regulators to enact crippling energy policies.
Any putative benefits, it turns out, would come instead from reductions in carbon emissions and, here's the key, based on a calculated value for the SCC. The same was true for the EPA's earlier attempt at carbon regulation via a "Clean Power Plan," which was shut down by the Supreme Court.
The SCC values used by the EPA are derived from calculations in integrated planning models.
Here's the key: the IPMs project these costs out for the next 300 years.
Using the SCC estimates, and assuming that new technologies will magically appear, the EPA can justify virtually any pollution control regulation, including those that effectively mandate electric vehicles.
Even though offshore wind generation costs five times more than natural gas and coal, the SCC can "Prove" the benefits of offshore wind exceed its costs.
Contrary to the economic fantasies peddled by green energy advocates, policies to eliminate fossil fuels based on the supposed benefits captured by the SCC will cripple the U.S. economy.
https://www.wnd.com/2024/05/plan-cripple-u-s-economy-trigger-societal-decay/
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