Antinuclear

The statement, included on the White House’s website to justify Trump’s drive to eliminate environmental rules affecting the energy sector, was a distortion. And if it was true, it would represent wage gains equivalent to less than $20 per American every year.

 The figure was based on a paper produced by a Louisiana State University finance professor in 2015 on behalf of a fossil fuel industry nonprofit. The paper, which was not peer reviewed, investigated potential economic impacts if all protected federal lands were opened to unlimited oil, gas and coal mining.

The paper did not, however, analyze the potential impacts of other potential regulatory changes, such as eliminating Obama-era power plant climate rules, as the White House suggested.

“It seems that the White House mischaracterized the study,” said Ken Gillingham, a Yale economist who worked a year for the Obama White House. He also said the study was “problematic from start to finish.”

The paper assumed that lifting restrictions on fossil fuel extraction in the Arctic National Wildlife Refuge and all other protected American lands would lead to an unfettered boom in production of coal and other fossil fuels. That assumption and others were disputed by Gillingham and other experts.

“The long-term trend in terms of our overall electricity sector is very much away from coal,” said Adele Morris, a researcher at the nonprofit Brookings Institute who reviewed the paper. “So I don’t see why opening up a bunch more land is going to necessarily generate a lot more mining activity.”

The paper examined how the economic benefits from such mining and drilling booms nationwide might spill into other industries. It estimated a $32 billion growth in wages across the American economy every year for the next seven years. The findings were also mischaracterized and cited in more detail by Trump’s campaign in August.

Not only did the new administration and the Trump campaign misrepresent the regulations that were analyzed in the paper, they also understated its findings by claiming the “more than $30 billion” in increased wages would accrue over seven years instead of every year for seven years.

Projecting the true economic impacts of eliminating America’s environmental protections would be exceedingly difficult to calculate……….

estimates by Obama’s EPA and academics have concluded that the overall economy-wide benefits from the rules, called the Clean Power Plan, or CPP, would quickly climb into the tens of billions of dollars a year.

Among other things, those analyses consider savings from reduced future impacts of rising seas, worsening droughts, intensifying storms and other effects of climate change caused by fossil fuel pollution. The past three years have broken global heat records, amplifying disasters.

“To be clear, the air pollution benefits alone justify the CPP,” said Michael Wara, a Stanford Law environment expert who co-authored a Science article in 2014 with Stavins and other academics that examined the economic costs and benefits of the rules.

Louisiana State professor Joseph Mason, the author of the paper that underpinned the White House’s claims on Friday, did not respond to emails or a voice message seeking comment. A spokesman for the Institute for Energy Research, the fossil fuel-backed nonprofit that commissioned the study, also did not respond, nor did Trump’s press team…….. http://www.climatecentral.org/news/trump-fabricates-wages-figure-on-first-day-21098