Carbon Standards such as Clean Power Plan have Economic Benefits
Nearly all U.S. regions stand to gain economic benefits from power plant carbon standards that set moderately stringent emission targets and allow a high level of compliance flexibility, according to a new study co-authored by Charles Driscoll, University Professor of Civil and Environmental Engineering in the College of Engineering and Computer Science, as a project of the Science Policy Exchange.
The study published in PLOS ONE analyzed the anticipated health co-benefits of a power plant carbon standard that would achieve a 35 percent reduction in carbon dioxide emissions by 2020 through cleaner fuels, energy efficiency, emissions trading and other measures. In a previous study, the researchers projected that approximately 3,500 premature deaths and hundreds of heart attacks and hospitalizations would be avoided in the U.S. each year as a result of this carbon standard. In this new study, the researchers calculated the economic value of those health co-benefits for the nation as a whole by county. Then they compared those benefits to costs that they projected for 14 commonly used power grid regions to estimate net benefits by region. Read more.