A new study by the Beacon Hill Institute at Suffolk University, and published by the Civitas Institute, examines the potential impact new EPA rules would have on North Carolina. The main findings of the study include:
- EPA rules will cost the North Carolina economy a total of $1.7 billion between 2015 and 2030.
- The state’s economy will lose 32,120 jobs by 2030.
- Real disposable income would fall by $3.5 billion per year by 2030.
- Electricity bills for residential ratepayers will increase by about $355 per year by 2030, and for industrial ratepayers by nearly $52,000 per year.
Because the EPA rules would be especially onerous on coal-fired power plants, the impacts will be felt more sharply in NC because it receives a higher share of its energy from coal than most states. Click here to read the study.