About the Post

Author Information

Green Energy hurts the poor

E. Calvin Beisner — World Mag.com — July 3, 2013

Four reasons why President Barack Obama’s policy on reducing carbon dioxide emissions is wrong:

  1. Applying global warming assumptions: If we eliminate all U.S. carbon dioxide emissions, we’ll only reduce global temperature in the year 2100 by 1/3 of a degree F.
  2. A forced transition to “green” energy sources will cost hundreds of billions of dollars every year.
  3. One of those costs will be higher energy prices, and consequently higher prices for everything else (since we make and transport everything with energy), because it costs 2 to 8 times as much to generate electricity from “green” sources.
  4. The higher energy prices will hit the poor hardest, because they spend the highest percentage of their income on energy.

Poor Americans now spend an average of 19 percent of their income on energy. States with green energy mandates have electricity rates that average 32 percent higher than states without. If you raise energy costs for everyone by 32 percent, the poor will spend about 25 percent of their income—and that, they can’t afford.  Continue reading, here….

Tags: , , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: