Full Title: A Carbon Dioxide Standard for Existing Power Plants: Impacts of the NRDC Proposal
Author(s): N/A
Publisher(s): NERA Economic Consulting
Publication Date: 5/2014

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NERA used a state-of-the-art energy/economy model (NewERA) to assess the impacts of the NRDC proposal. The key findings of NERA’s analysis were:

  • Consumers would face more substantial costs from the policy than NRDC’s analysis suggests
  • Consumer costs would include costs to non-electric consumers of natural gas that were omitted from NRDC’s analysis
  • Overall policy costs are substantial and would increase significantly if the proposed emission limit is adopted but the degree of compliance flexibility in the NRDC proposal does not materialize
  • The inter-state trading envisioned in the NRDC proposal would create “debtors” and “creditors” among states (which may lower the chance of achieving the proposed compliance flexibility)