EPA Accused of Underestimating Impact of Power Plant Regulations, Says Global Energy Institute
The Biden administration’s Environmental Protection Agency (EPA) is accused of using overly optimistic assumptions in its internal analysis for its proposed power plant enforcement.
The EPA published a significant new regulation (pdf) last month with the goal of reducing carbon dioxide emissions from power plants.
According to a June 27 report (pdf) released this week by the Chamber of Commerce Global Energy Institute, the administration grossly understated how the regulations are projected to impact power grid reliability and costs.
As part of the administration’s broader climate agenda, the EPA unveiled in May regulations for fossil fuel-fired power plant emissions.
In its announcement, the agency stated that the plan would “avoid” 617 million metric tons of carbon pollution by 2042 by mandating carbon capture technology or the closure of power facilities….