(Enter Stage Right) -- The Obama Environmental Protection Agency and environmental activists frequently claim that climate change will disproportionately affect poor and minority communities. In their view, this justifies unprecedented environmental regulations, like EPA's pending "Clean Power Plan" (CPP) to reduce carbon dioxide and other greenhouse gas emissions from coal and gas-fueled power plants 30% by 2030.
But what effect will the regulation itself have on poor and minority communities?
The plan will result in higher electricity costs for businesses and families, lost jobs, lower incomes, higher poverty rates, reduced living standards, and diminished health and welfare, our exhaustive recent study found. This damage will be inflicted at the national level and in all 50 states. The CPP will impact all low-income groups, but hit America's 128 million Blacks and Hispanics especially hard.
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The EPA rules will: 1) more than double the cost of natural gas and electricity, adding over $1 trillion to family and business energy bills; 2) require average families to pay $1,225 more in inflation-adjusted dollars for power and gas in 2030 than in 2012; 3) destroy millions of jobs in companies and industries that can no longer compete, here or internationally; and 4) significantly reduce U.S. economic growth every year for the next two decades, causing more than $2.3 trillion in total lost gross domestic product.