Tom Pyle
President Barack Obama once promised he would make electricity prices “necessarily skyrocket.” Earlier this month, he delivered on his word. Starting next year, the Environmental Protection Agency will force Georgia’s power plants to cut carbon emissions by 44 percent.
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The environment won’t be better off, but the economy will be ravaged. It is unclear what the actual reductions are in the convoluted rule. One study by the U.S. Chamber of Commerce looks at the impacts of a 42-percent (nationwide) reduction. The EPA says its reduction is smaller.
Either way, in Georgia, there will be a mandatory 44-percent reduction in carbon dioxide emissions, which brings it close to the chamber’s estimates.
Read the full article at The Atlanta Journal-Constitution.