Today, President Obama and the Environmental Protection Agency will unveil a proposed rule to require states to reduce carbon dioxide (CO2) emissions from power plants with an overall reduction goal of 30 percent by 2030. The states can pick their poison, with cap-and-trade emission reductions or increased renewable-energy mandates. Energy efficiency mandates are in the mix too.
This is the latest and most aggressive battle of Obama’s War on Coal, which is really a starter-program in a war against fossil fuels in electrical generation.
Such is all pain, no gain; fire-ready-aim; a solution looking for a problem. It is ratepayers last, politics and cronyism first. It is a wealth transfer from Joe and Jane to climate-connected lawyers, consultants; the Department of Energy; alarmist scientists; and crony capitalists in the renewable-energy and energy-efficiency business.…