In February 9th testimony before the House Committee on Energy and Commerce, Dr. Margo Thorning of the American Council for Capital Formation presented on the economic implications of EPA regulation on greenhouse gases. Following the hearing, analysts from WRI and the American Council for an Energy-Efficient Economy issued the following statement in response to Dr. Thorning’s testimony. WRI’s response highlights questionable assumptions in Dr. Thorning’s modeling and outlines the benefits of industrial sector energy efficiency improvements.
What’s Ahead for Power Plants & Industry? Using the Clean Air Act to Reduce GHGs, Building on Regional Programs
This working paper explores how states and the U.S. Environmental Protection Agency (EPA) could reduce greenhouse gas emissions from power plants and industrial facilities using the standards
of performance under section 111 of the Clean Air Act.
WRI and Standard & Poor’s were unable to conduct a full assessment of credit quality per subsector under EPA regulation because of limited information on the EPA’s anticipated regulatory approach
GHG emissions compliance costs should be minimal for 10 of the 13 subsectors eligible for free emissions allowances in 2016, in WRI’s view.
In Standard & Poor’s view, the profitability of commodity chemicals production is highly correlated to energy and raw materials prices because these costs often make up the majority of a chemical
WRI and Standard & Poor’s examined the possible credit implications of the policy scenarios for 13 of the most greenhouse gas-intensive chemicals manufacturing subsectors.
WRI and Standard & Poor
WRI believes that 2016 is likely the earliest year that future EPA regulation would cover GHGs from existing chemical facilities. The form of regulation is unclear.
This study, conducted with Standard & Poors Rating Services, examines how climate change policy drivers could be incorporated into the evaluation of credit quality. It analyzes two types of federal climate policy scenarios – (1) a market-based GHG emissions reduction policy as approximated...
On Capitol Hill today, industry leaders and other experts explained why the upcoming U.S. Environmental Protection Agency's (EPA) standards on carbon dioxide emissions can benefit U.S. business and help drive innovation while keeping our air and water clean.