Capturing Carbon Drives up Energy Costs

From: American Thinker

By Sierra Rayne

Some odd discussions are taking place on the right side of the political spectrum surrounding climate change policies and energy prices.

Claims by Roger Meiners — a Professor of Economics at the University of Texas at Arlington — that “the latest salvo [by the Obama administration] against fossil fuels, announced this week, ensures higher energy prices in the future. This will discourage domestic investment in favor of going to countries such as China, India, and South Africa that are not shy about building new coal-fired power plants” are fundamentally correct. Efforts by the Obama administration to reduce greenhouse gas emissions are increasing, and will increase, energy prices above the non-GHG reduction counter-factual. And, indeed, raising energy prices slows economic growth and discourages domestic investment.

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