The EPA's rosy cost estimates inspire no confidence. Two years ago, the EPA predicted that other power plant rules would close only 5,000 megawatts of low-cost power. The Department of Energy says the EPA was off by a factor of more than 10.
Beinecke can't defend the climate benefits because the EPA never claims its carbon dioxide rules will have any material effect on global temperatures. To get health benefits, the EPA double counts those it has attributed to other regulations. The
Elsewhere, the NRDC has called the EPA's regulations "the Super Bowl of carbon politics" — namely, Super Bowl XLVII, when the lights went out.