The Biden administration plans to require power plants in 26 states to further reduce their emissions of nitrogen oxides. The draft plan will introduce a cap-and-trade program so utilities can trade their emission rights—a policy designed to reduce costs. Even so, says Sean Riley of Greenwire, the cost will be $1.1 billion by 2026; benefits,…
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How Much Did Biden’s Energy Policies Add to Family Expenses?
“The average U.S. household in 2021 spent an extra $600 in higher gasoline costs and $70 in higher electricity costs due to the Biden administration’s energy policies,” write Linnea Lueken and James Taylor for the Heartland Institute. And that’s not all. “Further, households that use natural gas spent an extra $300, on average, and those…
Unpleasant Truths about Electric Vehicles
Robert L. Bradley, Jr., writing for the Institute of Energy Research, points out that electric vehicles are benefiting from “subsidies galore.” Yet the average price of an EV is $11,000 more than a comparable gasoline-fueled car. Bradley lists the subsidies: Pursuant to federal legislation in 2008/2009, EV purchasers have received up to $7,500 in tax…
What’s Wrong with Solar Geo-engineering to Fight Climate Change? Roger Pielke Answers
Governments should agree not to use solar geo-engineering to attack climate change, says Roger Pielke, Jr., a professor of environmental sciences at the University of Colorado Boulder. Solar geo-engineering is a collection of potential techniques for reducing the temperature of the Earth by reflecting some of the incoming energy of the sun back into space….
Will Climate Change Spur a Government Takeover of the Banking System?
American Enterprise Institute scholar Paul Kupiec thinks it may. In May President Biden authorized the Financial Stability Oversight Council (FSOC) to look into how the banking system should be regulated in light of risks from climate change. Writing in The Hill, Kupiec says the latest report of the council suggests a plan could be brewing…
‘Negligible’ Fishermen Sue to Stop New England Wind Project
The long-planned Vineyard Wind 1 Project, to be located south of Martha’s Vineyard and Nantucket islands off the shore of Massachusetts, has hit turbulence again. In December, an arm of the Texas Public Policy Foundation sued the federal government on grounds that it was wrong to approve the project. The foundation is representing six fishing…