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Legislating Energy Poverty: A Case Study of Climate Policy

June 22nd 2021
This case study of California’s and New York’s climate change policies show that they will impose large economic costs while not necessarily leading to significant greenhouse gas emission reductions. The CA-NY approach is to increase the costs for fossil fuels and subsidize the costs of favored energy sources, mainly wind and solar. “When the full impacts from the policies are considered, it is clear that the CA-NY climate policies are imposing net economic hardships on Californians and New Yorkers.” The policies cause higher electricity and gasoline prices, less economic activity, increasing poverty rates and increased cronyism due to the politicization of the economy.

Case study
https://www.realclearpublicaffairs.com/public_affairs/2020/06/09/legislating_energy_poverty_a_case_study_of_how_californias_and_new_yorks_climate_change_policies_are_increasing_energy_costs_and_hurting_the_economy_495728.html

Friends of Science
https://friendsofscience.org/



 

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