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Clinton Will Build Upon Obama’s Energy Regulations That Will Raise Costs

- October 11, 2015

Clinton Has Vowed To Defend And “Build On” Obama’s New Clean Power Plan If Elected President, Calling It A “Significant Step Forward.” “Democratic front-runner Hillary Rodham Clinton pledged Sunday that if elected she will build on a new White House clean energy program and defend it against those she called ‘Republican doubters and defeatists.’ Clinton was the first 2016 candidate to respond to the ambitious plan that President Obama will debut on Monday. Details of the program, which aims to cut greenhouse-gas pollution, were released over the weekend. The new regulation will require every state to reduce emissions from coal-burning power plants. In a statement Sunday, Clinton called the plan ‘a significant step forward in meeting the urgent threat of climate change.’” (Anne Gearan, “Hillary Clinton Promises To Build On Obama Climate Plan As President,” The Washington Post, 8/2/15)

  • “Clinton Called The Plan ‘The Floor, Not The Ceiling,’ And Said She Would Go Further.” (Anne Gearan, “Hillary Clinton Promises To Build On Obama Climate Plan As President,” The Washington Post, 8/2/15)

Obama’s Plan To Crack Down On Emissions Is “Unprecedented” And “Controversial.” “In finalizing the unprecedented pollution controls, Obama was installing the core of his ambitious and controversial plan to drastically reduce overall U.S. emissions, as he works to secure a legacy on fighting global warming. Yet it will be up to Obama's successor to implement his plan, which reverberated across the 2016 presidential campaign trail.” (Josh Lederman, “Obama Orders Steeper Greenhouse Gas Cuts From U.S. Power Plants,” The Associated Press, 8/2/15)

  • Obama’s Climate Plan Would Drastically Cut Carbon Produced By American Power Plants By 32 Percent By 2030. “The new plan sets a goal of cutting carbon pollution from power plants by 32 percent by 2030, compared with 2005 levels. It would reward states and utility companies that move quickly to expand their investment in solar and wind power.” (Anne Gearan, “Hillary Clinton Promises To Build On Obama Climate Plan As President,” The Washington Post, 8/2/15)
  • Obama’s Regulations Are Intended To “Wean” The Country Off Coal Produced Energy. “Another key change to the initial proposal marks a major shift for Obama on natural gas, which the president has championed as a ‘bridge fuel’ whose growing use can help the U.S. wean itself off dirtier coal power while ramping up renewable energy capacity. The final version aims to keep the share of natural gas in the nation's power mix at current levels.” (Josh Lederman, “Obama Orders Steeper Greenhouse Gas Cuts From U.S. Power Plants,” The Associated Press, 8/2/15)

Obama’s New Carbon Regulations Will Cost Billions And Cause Energy Bills To Increase

Based On EPA Data, The American Action Forum Estimated The Obama Administration’s Finalized Regulations On Carbon Emissions Would Close 66 Power Plants, Eliminate 125,800 Coal Jobs, And Cut The Coal Industry In Half. “The final rule for the Clean Power Plan (CPP) was released by the Obama Administration this past August and is a direct attack on the coal industry. According to American Action Forum (AAF) research, the final plan, supported by Sec. Clinton, will shutter 66 power plants and eliminate 125,800 jobs in the coal industry. All of these figures are based on EPA data. The same study shows that using the 2012 baseline for coal generation and projections for 2030 output, the industry could shrink by 48 percent.” (Kimberly VanWhye, “’Revitalizing Coal Communities’: A $30 Billion Consolation Prize”, American Action Forum, 11/13/15)

An Analysis By NERA Economic Consulting Projected That Obama’s Carbon Regulations Will Cost As Much As $292 Billion. “NERA Economic Consulting has produced an analysis of the Clean Power Plan (CPP) recently finalized by the Obama Administration, aimed at reducing carbon dioxide emissions from new and existing power plants by 32 percent nationwide. NERA’s calculates the CPP could add $29 billion to $39 billion in costs to utilities or as much as $292 billion in added costs between 2022 and 2033, exclusive of added transmission, distribution and natural gas infrastructure costs.” (H. Sterling Burnett, “Economic Analysis of Clean Power Plan Shows High Cost, Minimal Benefits,” The Heartland Institute, 12/2/15)

  • “As A Result Of These Added Costs, Consumers In 40 States Could See Double-Digit Electricity Price Increases, And 28 States Could Face Electricity Price Spikes Greater Than 20 Percent.” (H. Sterling Burnett, “Economic Analysis of Clean Power Plan Shows High Cost, Minimal Benefits,” The Heartland Institute, 12/2/15)

Industry Experts Say That The Regulations “Will Require Billions Of Dollars In New Investments.” “Industry experts say cutting carbon emissions 32% by 2030 will require billions of dollars in investments for new transmission lines that accommodate more solar and wind power and new pipelines to feed natural-gas-fired power plants, as coal becomes less important as a fuel.” (Amy Harder, Colleen McCain Nelson and Rebecca Smith, “Obama’s New Climate-Change Regulations To Alter, Challenge Industry,” The Wall Street Journal, 8/2/15)


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