America has long relied on fossil fuels for economic growth and technological advancement. Today we released a study, “The Social Costs of Carbon? No, The Social Benefits of Carbon,” which demonstrates the vast benefits valuable fossil fuels, like coal, play in our day-to-day lives.
The study demonstrates that reliable and affordable energy from fossil fuels not only provides substantial public health benefits but also that CO2 emissions provide direct economic benefits in the form of increased agricultural productivity. This productivity has amounted to $3.2 trillion in benefits over the last 50 years.
It is impossible to recognize the value of fossil fuels without also recognizing the value of coal. As the world’s fastest growing source of energy, coal accounts for nearly 40 percent of electricity in America. Globally, coal is expected to be dominant fuel source for electricity over the next three decades. Unfortunately, the Administration’s “social cost of carbon” estimates are based on simple models and rely heavily on speculative assumptions, so they provide unreliable and uncertain results. The Administration is more concerned about eliminating coal than they are about developing better technology to use fossil fuels, like coal, more efficiently.
In the study, Dr. Roger Bezdek says:
“And the benefits are actual fact; founded on more than two centuries of empirical data, not theoretical summaries based on questionable assumptions, dubious forecasts, and flawed models.”
Now is the time to show your support. Join America’s Power Army and stand up for coal communities across the country.
Sign our letter to EPA Administrator Gina McCarthy and oppose the burdensome and unachievable regulations the administration is pursuing.