New EPA Power Plant Restrictions to Drive Up Prices of Goods: Expert

Don Ma
By Don Ma
April 25, 2024Business Matters
share

The Environmental Protection Agency (EPA) has released strict new rules for coal-fired power plants. This is the first time the federal government has restricted carbon dioxide emissions from existing plants. According to Daniel Turner, president of Power the Future, the new restrictions will just make goods more expensive. Mr. Turner notes that coal produces more than energy; it is also used to make steel and cement. He is also taking notice of the timing of the announcement and deadlines for plants.