1. Higher Energy Prices, Lost Jobs, Weaker Economy
2. No Climate Benefit, Exaggerated Environmental Benefits
3. Overly Prescriptive EPA Picks Winners and Losers
4. Federally Imposed Cap-and-Trade
A rate-based standard with trading could technically allow emissions to grow, as long as generators only emit a certain amount of carbon per megawatt-hour of power produced. A state with a rate around the same level as a natural gas plant could theoretically keep building more and more natural gas plants and stay in compliance.
Congress and States Need to Take the Power Back
—Nicolas D. Loris is Herbert and Joyce Morgan Fellow in the Thomas A. Roe Institute for Economic Policy Studies, of the Institute for Economic Freedom and Opportunity, at The Heritage Foundation.