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Politics : American Presidential Politics and foreign affairs
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To: Hope Praytochange who wrote (55363)10/1/2012 10:02:08 PM
From: greatplains_guy1 Recommendation  Read Replies (1) of 71588
 
How Obama’s green energy policies are bad for the poor
Philip Klein
October 1, 2012 | 3:18 pm

President Obama has made so-called “green energy” policies a key part of his economic agenda, but as a new book argues, they actually disproportionately hurt the poor by boosting the cost of energy.

Last week, Examiner columnist and Manhattan Institute fellow Diana Furchtgott-Roth, author of the new book “Regulating to Disaster: How Green Jobs Policies Are Damaging America’s Economy,” explained that:


Most people think green is good but pay little attention to associated increases in costs. In 2015, it will cost between $49 and $79 to generate one megawatt hour of electricity from natural gas. A megawatt hour from onshore wind will cost between $75 and $138, and from solar photovoltaic will cost between $242 and $455.


As her book demonstrates in this chart, rising costs of energy hit lower income Americans the hardest, because they spend a higher proportion of their incomes on energy:

Energy Costs as a Percentage of Income by Quintile, 2011





washingtonexaminer.com
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