04/25/2024 | Press release | Distributed by Public on 04/25/2024 12:07
Photo Credit: Getty
The EPA today announced its final rule establishing carbon dioxide (CO2) emission guidelines for existing coal power plants and CO2 performance standards for new natural gas power plants. CEI energy policy experts explain how the rule will drive up energy prices, make energy less reliable, and undermine constitutional constraints on unaccountable government power.
Statement by Daren Bakst, director of CEI's Center on Energy & Environment:
"The EPA is once again trying to play the role of the nation's electricity grid manager. It has finalized requirements that will lead to a major shift from reliable sources of electricity (coal and natural gas) to unreliable sources of electricity, such as wind and solar. When Americans flick on the switch, they want and rightfully expect the lights to come on. If the EPA gets its way, then Americans may need to change that expectation. This rule will also likely drive up electricity prices, which will hurt all Americans, especially the poor.
"The agency absurdly thinks its authority to regulate means it has the authority to shut down businesses. Establishing new regulations for power plants does not mean the agency can effectively force them out of business. This is Clean Power Plan Part II, but like with many sequels, it is worse."
Statement by Marlo Lewis, CEI senior fellow:
"The final rule differs from the EPA's May 2023 proposed rule in minor ways; but the big picture remains the same-the rule establishes 90 percent carbon capture and storage requirements that will drive coal and gas generation out of the nation's electricity mix.
"This is the Clean Power Plan on steroids. The rule defies the Supreme Court's ruling in West Virginia v. EPA. It is an unlawful assault on affordable energy and grid reliability. "
Key points about the EPA CO2 rule:
News Release
A new Competitive Enterprise Institute report challenges an anti-nuclear power policy that is a case study on how not to regulate and govern. Nuclear power…
Blog
The debate surrounding nuclear power has long been shaped by complex scientific, political, and social factors. At the heart of this debate lies the question…
Study
Introduction Nuclear power is probably the only known energy source that can support the world's growing energy needs while simultaneously reducing global carbon dioxide emissions.1…