As reported by Daily Energy News and Energy Washington Week:
“The NERC (North American Electric Reliability Corporation) report on the reliability impacts of proposed EPA air, water and other rules called for EPA to give utilities “sufficient time to construct new capacity or retrofit existing capacity” in its schedule for implementing the rules.
The NERC report ties reliability to the ability to replace capacity from plants that will be “retired or lost because of implementation of these rules” and highlighted the obstacles to effectively “managing, coordinating, and scheduling an industry-wide environmental control retrofit effort.”
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Jesse Jenkins, Ted Nordhaus and Michael Shellenberger
The large decline in U.S. emissions in 2008 and 2009 due to the economic recession ensures that if the House-passed Waxman-Markey climate legislation becomes law, the bill’s emissions reduction cap will require no reduction of carbon emissions over the first two to five years of the program. The resulting oversupply of emissions permits will allow regulated firms to continue business as usual emissions through as late as 2018, according to a new analysis by Breakthrough Institute based on new Energy Information Administration emissions projections that take into account the… Continue reading
The National Association of Manufacturers (NAM) and the American Council for Capital Formation (ACCF) releases a comprehensive study on the impact of The American Clean Energy and Security Act of 2009, also known as the Waxman-Markey Bill (HR 2454). The bill aims to reduce greenhouse gas emissions and to cap the amount of carbon that is emitted by U.S. industry. The legislation does so by mandating a cap and trade program and other provisions governing fuel choices available to businesses and consumers. This bill passed the House of Representatives by a slim margin (219-212) earlier this summer. The Senate… Continue reading