Currently, 132 areas do not meet the new National Ambient Air Quality Standards for fine particles or ozone, affecting some 160 million people, or 57 percent of the U.S. population. What efforts...
A National Meltdown
Discordant global-warming solutions may end up burning utilities.
Interest, Taxes, Depreciation, and Amortization] would be significantly lower because of the higher costs,” he surmises.
As a result, he says, “utility valuations could be cut by one-third.”
The Perfect Storm
A drawback to the Northeast carbon program, according to Americans for Balanced Energy Choices (ABEC), is that the program “covers only CO 2 emissions from electric generators, which account for about one-third of regional emissions. It ignores other source sectors such as transportation, as well as other greenhouse gases.” ABEC believes ignoring other emissions may lead to increased CO 2 emissions, not less. AEP CEO Michael Morris, chairman of EEI earlier this year, said, “EEI strongly favors an economy-wide approach, including all sources and sectors of the U.S. economy.”
Let’s not be timid. It is the U.S. economy that hangs in the carbon balance. Congress must develop a thoughtful, comprehensive national plan on climate change now rather than later.