The
Environmental protection agency has proposed the bill related to carbon dioxide
gas emissions by the power plants in US. The regulation announced will aims to
reduce carbon dioxide emissions by 30% from all the power plants by 2030 but
the irony is that the proposal from EPA has an opposition from various industry
groups who have the opinion that this change would be more expensive but the
positive side is that scientist are favoring to this proposal as it would cut
carbon pollution and will be environmental friendly. Moreover US government can
save money from their health budget as most of the diseases have been generated
from these emissions. In the American
economy the climate and weather disasters cost is more than $100 billion in
2012 .This regulation are not expected to become final until 2015 as some
potential legal arguments could delay them.
The benefit of this proposal will be for the
people of US as the due to such reduction the environment will be pollution
less and the US economy could lessen their health budget to a considerable amount.
Moreover the Natural Resource Defense Council figures the rules that it will
create more than 250,000 jobs because of infrastructure development and will
also lead to Lower Energy bill over the time.
On the other side the companies have to look
out for the alternative energy such as hydro, solar and Natural gas. The
companies such as Duke Energy ( Duk), Entergy( ETR) and American Power and co.
have to build the required infrastructure which would increase the cost of
these companies. Therefore this proposal will directly impact these companies
which are producing heavy percentage of energy from Coal
There is an Estimation reported by EPA that
investment that is needed to meet the required emission limit of 30% by 2030
will cost about $8 billion a year but it will also saves 6,600 precious lives
and $50 billion a year in the health care cost which is tied to air pollution
According to the representative of the Duke
Energy “ it’s too early for the Duke Energy to comment to this proposal as some
industry are calling this plan as an attack to the industry of coal, Moreover there should be some energy plan for Indiana
state and it would have some severe energy crises especially for Indiana.
Therefore this proposal will have some benefits
as well as some cost which is needed to bear by the companies discussed above.
The bill will approve in the near future and with such approval some resistance
might be emerge from the Energy companies depending purely on coal.
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