Modeling quantifies the costs that EPA’s recent analysis of Carbon Pollution Standard repeal excluded, showing health damages outweigh compliance cost savings, and climate damages widen the gap.
Top-level findings:
With the repeal of the CPS, US residents will likely see:
- Increase US coal generation by 4.8–8.7 times by 2040.
- Increase cumulative carbon dioxide emissions from the US power sector by 1.2–5.8 gigatons by 2050. For context, the US economy produced 5.7 gigatons of carbon dioxide in 2022.
- Net increases in average net household electricity costs of $67–$97 per year in the 2030s, driven by the CPS’s decreases of $19–$24 annually and the OBBBA’s increases of $87–$121 annually over the same time period.
- Increase climate and health damages, such that the costs outweigh the savings from lower regulation compliance costs by 4–8 times. Higher air pollution associated with the repeal could cost Americans $203 billion—more than double the amount companies would save in lower compliance costs.
Source: AltruisticMilk_