At a cost of only $30 billion, new EPA regulations may save us from 0.0026°C of global warming by the year 2100.
According to an EPA report (971 pages) [link]: “The Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA), on behalf of the Department of Transportation, are each proposing changes to our comprehensive Heavy-Duty National Program that would further reduce greenhouse gas emissions (GHG) and increase fuel efficiency for on-road heavy-duty vehicles,…”
The National Center for Policy Analysis estimates that “The Environmental Protection Agency’s second round of heavy-duty truck efficiency standards could cost more than $30 billion.” – costs that will be passed on to consumers.
“Auto manufacturers and the freight and long-haul transportation industry already understand the importance of fuel efficiency. Nearly 3 million heavy-duty Class 8 trucks carry approximately 70 percent of America’s freight, consuming more than 50 billion gallons in fuel and spending more than $140 billion in diesel costs. The industry operates on razor-thin margins and plans its driving routes down to the tenth of a mile to save on fuel costs.” – Nicolas Loris, The Daily Signal
The Obama administration says these new regulations are necessary to meet Obama’s carbon dioxide reduction goals.
The EPA claims “The proposed standards are expected to lower CO2 emissions by approximately 1 billion metric tons…”
So, what benefit will we get for $30 billion? EPA’s own figures show no benefit to the environment and no effect on global climate.
According to the EPA report linked above, the new regulations will accomplish the following (page 6-45): “As a result of the proposal’s emissions reductions from the proposed
alternative relative to the baseline case, by 2100 the concentration of atmospheric CO2 is
projected to be reduced by approximately 1.1 to 1.2 parts per million by volume (ppmv), the
global mean temperature is projected to be reduced by approximately 0.0026 to 0.0065°C, and
global mean sea level rise is projected to be reduced by approximately 0.023 to 0.057 cm.” Wow!
Among the first things the next President should do is to issue an executive order forbidding federal agencies from regulating carbon dioxide emissions and rescind all regulations that do so.
The U.S. Supreme Court recently ruled against the EPA on certain power plant emissions (see here). It remains to be seen whether the principles cited in that case will be extended to motor vehicles.
See more articles on EPA stupidity:
But the EPA did get one right: EPA says fracking does not harm drinking water supply