Heritage Foundation analysts modeled the economic effects of a phase-out of coal between the years 2015 and 2038. Using the Heritage Foundation Energy Model, a derivative of the federal government’s National Energy Model System, we found that by the end of 2023, nearly 600,000 jobs will be lost, a family of four’s income will drop by $1,200 per year, and aggregate gross domestic product decreases by $2.23 trillion over the entire period of the analysis.
[3 ]
Manufacturing Hit Hard
America’s manufacturing base will be particularly harmed by the EPA’s climate regulations. Manufacturing accounts for over 330,000 of the jobs lost.
[4] This occurs for a number of reasons.
As more coal generation is taken offline, the marketplace must find a way to make up for that lost supply. The Heritage Energy Model builds in the most cost-effective means of replacing the lost coal through a combination of consumers decreasing energy use as an adjustment to higher prices and increased power generation from other sources.
Manufacturing is an energy-intensive industry, and the impact of the higher energy prices on manufacturing averages to more than 770 jobs losses per congressional district. However, not all regions are affected the same, as districts in Wisconsin, Ohio, Indiana, Michigan, and Illinois are especially hit hard. In fact, 19 out of the top 20 worse off congressional districts from the Administration’s war on coal are located in the Midwest region. In those districts, the manufacturing industry, on average, will slash more than 1,600 jobs by 2023. The table at the end of the paper shows the estimates of the decrease of manufacturing employment per congressional district by 2023.
http://www.heritage.org/research/re...-regulations-will-harm-american-manufacturing
