Obama’s Energy Regulations Will Cost $460 Billion To Implement

Shown here is water vapor leaving a tailpipeShown here is water vapor leaving a tailpipe.Between 2009 and 2015, the Obama administration enacted energy and environmental regulations that will cost a total of $460.5 billion to implement, with the most expensive coming as a result of President Obama’s push for cleaner greenhouse gas emissions, according to data from the American Action Forum (AAF).

During those years, the administration finalized 275 energy and environmental regulations, each averaging about $1.75 billion. Twenty-nine regulations cost $1 billion or more each to implement, reported The Daily Caller.

To comply with the regulations, Americans will have to complete an additional 3.95 million hours of paperwork, according to AAF.

The most expensive, finalized in 2012, is the Environmental Protection Agency’s 2017 and Later Model Year Light-Duty Vehicle Greenhouse Gas Emission regulation. It will cost a total of $156 billion to implement, or about $10.8 billion per year, and require an additional 5,667 paperwork hours.

It’s designed to fight global warming by reducing greenhouse gas emissions and improving fuel economy for light-duty vehicles for model years 2017 and beyond, according to the Federal Register.

The first phase of that car-emissions rule was the second most expensive regulation finalized by the Obama administration, costing $51.8 billion, or $4.9 billion per year. It’s called the Light-Duty Vehicle Greenhouse Gas Emission Standards and was passed in 2010 to reduce greenhouse gases and improve fuel economy for vehicles made between 2012 and 2016.

According to the EPA, these two regulations will result in “an average industry fleetwide level of 163 grams/mile of carbon dioxide (CO2) in model year 2025, which is equivalent to 54.5 miles per gallon (mpg) if achieved exclusively through fuel economy improvements.”

The program would “cut 6 billion metric tons of GHG over the lifetimes of the vehicles sold in model years 2012-2025,” “save families more than $1.7 trillion in fuel costs,” and “reduce America’s dependence on oil by more than 2 million barrels per day in 2025.”

A new study released this week by the Competitive Enterprise Institute found that federal regulations cost U.S. consumers and businesses an estimated $1.88 trillion in lost economic productivity in 2014.

Since 1993, some 90,836 new rules have been issued, and regulation enforcement alone cost the government $59.5 billion in 2014.

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  • Avatar

    Dan Pangburn

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    The only ghg known to have an effect on climate is water vapor.
    Proof that CO2 has no significant effect on climate and identification of the two factors that do cause climate change (95% correlation since before 1900) are at http://agwunveiled.blogspot.com

  • Avatar

    Amber

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    Technically the regulations didn’t cost that much because they are imposed with debt that will never be paid back .

    Politicians can’t even bring themselves to talk about the herd of elephants in the room any longer . Sooner or later the debt will have the Bill Clinton solution applied to it . Just knock off a bunch of zero’s . Problem solved right ?

    No wonder they can no longer talk about what the public priorities are .It sure isn’t the earth has a fever nonsense .

  • Avatar

    GR82DRV

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    Once again, this is what we get when we elect a Marxist political ideologue – a self identified “[b]Community Activist[/b]” to become our chief executive.

    Total incompetence and disregard for the laws of economics – and total disdain for the Constitution.

    Total indifference for the real middle class people who will be hurt by his capricious regulatory decrees.

  • Avatar

    Amber

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    GR8DRV
    The good news they are getting near the end .
    Don’t you love it when a Chief Executive puts in place policies that will tank a company then quits .
    Same thing different game .

    The problem for the Democrats is they are going to wear it big time if the Republicans don’t choke .

  • Avatar

    Will Scribe

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    “….Pseudoscience and socialism,
    Obama and his tricks;
    Combining fear and ignorance,
    It’s such a potent mix.
    A big enough lie told often enough,
    How many are being deceived?
    And his incredulous rants on climate,
    By how many are being believed?…..

    …..Real scientists say no proof,
    But Obama demands a cure;
    Higher taxes and freedom restrictions
    Are what we have in store.
    Make sure the science can’t be discussed,
    Obama won’t tolerate doubt;
    But free and open discussion
    Is what science is all about!…”

    Read more: http://wp.me/p3KQlH-Co

    • Avatar

      GR82DRV

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      Awesome Will!

      The bard won’t be denied!

  • Avatar

    Amber

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    Will
    I think you captured it again with your quill . A scam brought down with a feather .

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