“The first-ever limits on carbon pollution from power plants can save American households and business customers $37.4 billion on their electric bills in 2020 while creating more than 274,000 jobs, a Natural Resources Defense Council analysis shows. Those are among the tangible potential benefits of the anticipated limits on carbon pollution spewing from the nation’s coal- and gas-fired power plants. The standards are the centerpiece of President Obama’s plan to combat climate change and are scheduled to be unveiled on Monday. In the study released today, NRDC said the federal carbon pollution standard could fuel a surge in energy efficiency investments, creating new jobs filled by electricians, roofers, carpenters, insulation workers, heating/air conditioning installers and heavy equipment operators, among others. The NRDC analysis was conducted by ICF International, using NRDC’s assumptions. ICF is a highly respected firm that has studied electricity markets for industry and government alike. The projected benefits are based on an innovative proposal NRDC advanced in December 2012, and updated this March, that has drawn widespread notice. If the U.S. Environmental Protection Agency adopts a similar approach, the nation would slash carbon pollution by 531 million tons per year, nearly 25 percent by 2020 from 2012 levels (nearly 950 million tons and 35 percent below 2005 levels), helping deliver more than $50 billion in health and environmental benefits, NRDC’s analysis shows.”
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