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Report: EPA regulations would cost 1.5 million jobs over next four years

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Jonathan Ernst/Reuters/File

(Read caption) US Environmental Protection Agency Director Lisa Jackson speaks during a press conference in this December 2009 file photo.

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 A new analysis of EPA regulations that would impact the coal-based electricity industry projects that seven rules would reduce U.S. employment by 1.5 million jobs over the next four years. The analysis was conducted by National Economic Research Associates (NERA) on behalf of the American Coalition for Clean Coal Electricity and described in a 129-page report, “Economic Implications of Recent and Anticipated EPA Regulations Affecting the Electricity Sector.”

“If the EPA is allowed to continue its aggressive anti-coal agenda, the American economy will lose another 1.5 million jobs in the next four years,” said Mike Duncan, president and CEO of ACCCE. “The EPA does not consider the economic consequences of their actions, which in this case will not only erase American jobs; it will raise annual costs to families by hundreds of dollars, the equivalent of a monthly grocery bill.”

Key findings of the NERA analysis include:

A summary of NERA’s report is available on the ACCCE website at: http://www.americaspower.org/sites/default/files/NERA-Analysis-Highlights-Oct26.pdf