Think-tanks have been warning for years that “green energy” regulations threaten to raise energy costs and destroy American jobs, and the latest report released this week is no different.
As President Obama jetted to Alaska Monday to talk up his climate change plans, burning through nearly 17,000 gallons of fuel, a new report showed that his “Clean Power Plan” will increase consumer electric bills 16 percent and speed plans by job-creating manufacturers to flee America’s high fuel costs.
The free-market focused Institute for Energy Research said that Obama’s plan to replace coal-fired plants with renewable energy makers like windmills and solar will force companies to spend up to four times more on energy and hit consumers.
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“The so-called Clean Power Plan is expected to decrease carbon dioxide emissions in the generating sector by 32 percent from 2005 levels by 2032. To do this, massive amounts of coal-fired generating capacity will be shuttered and wind and solar power will be built in their stead—technologies that cost 2 to 4 times more than the coal capacity that is being shuttered,” said the group in a report issued Monday.
Of course, President Obama doesn’t care about energy prices or jobs. He has already outright admitted that his ideal energy regulations would bankrupt the coal industry. What he doesn’t understand is that high energy costs will negatively affect all sectors of the economy, not just the coal workers he is sending to the unemployment line.
Families will have to use more of their budgets to pay for higher energy costs, which means they have less money to spend on food, clothing, and recreational activity. Consumer spending decreases hurt small businesses, who can’t afford to keep staff on the payroll with low sales. And thus begins the spiral of low spending, low production, stunted economic development, and increased government dependency.
All for what? Destroying lives, jobs and communities for a policy that will not on any level change an environmental phenomenon that may or may not even be happening in the first place? We wouldn’t be defeating climate change, we would only be defeating ourselves.