{"id":530167,"date":"2022-12-22T05:49:22","date_gmt":"2022-12-22T02:49:22","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/high-costs-and-few-benefits-in-new-yorks-crazy-climate-plan\/"},"modified":"2022-12-22T05:49:22","modified_gmt":"2022-12-22T02:49:22","slug":"high-costs-and-few-benefits-in-new-yorks-crazy-climate-plan","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/high-costs-and-few-benefits-in-new-yorks-crazy-climate-plan\/","title":{"rendered":"#High costs and few benefits in New York&#8217;s crazy climate plan"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a412879b1a21\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a412879b1a21\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/high-costs-and-few-benefits-in-new-yorks-crazy-climate-plan\/#%E2%80%9CHigh_costs_and_few_benefits_in_New_Yorks_crazy_climate_plan%E2%80%9D\" >&#8220;High costs and few benefits in New York&#8217;s crazy climate plan&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CHigh_costs_and_few_benefits_in_New_Yorks_crazy_climate_plan%E2%80%9D\"><\/span>&#8220;High costs and few benefits in New York&#8217;s crazy climate plan&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Top-down economic planning has failed everywhere it\u2019s been tried, creating stagnating economies and poverty. But that\u2019s no deterrent to New York\u2019s Climate Action Council. Its just-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved scoping plan, the blueprint for implementing the state\u2019s Climate Leadership and Community Protection Act, has few benefits \u2014 but staggeringly high costs \u2014 for New Yorkers.<\/p>\n<p>The law requires the state\u2019s entire economy be reorganized to reduce greenhouse-gas emissions. Charged with this task, the council chose to dictate what types of consumer products New Yorkers will be able to buy, how they can heat their homes, how much workers in the green economy will be paid, how quickly reliable sources of electricity will shut down and what types of businesses will be bribed to set up shop in the state.<\/p>\n<p>The council mandarins actually think they know how to plan a <a>$2 trillion<\/a>, 8-million-worker economy. It doesn\u2019t matter that individual New Yorkers may have their own life goals or economic realities. They will be \u201cincentivized\u201d \u2014 and if necessary forced \u2014 to make government-deemed \u201ccorrect\u201d choices.<\/p>\n<p>The council has armed itself with a consultant\u2019s \u201cintegration analysis\u201d that purports to show the climate act\u2019s benefits outweigh its costs. But its scoping plan fails to note that this analysis says New York\u2019s direct costs are around $150 billion greater than its direct benefits.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/power-plan-4.jpg?w=1024\" alt=\"A wind tower\" class=\"wp-image-25098079\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/power-plan-4.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/power-plan-4.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/power-plan-4.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The council openly admits there will be shortfalls in electricity production from wind and solar.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>How is that so? Most of the benefit is defined as the value of avoided greenhouse-gas emissions \u2014 a global benefit of which New York shares only a small <a>portion<\/a>. The immense costs, however, will be borne almost entirely by New Yorkers. The council has carefully hidden this ugly truth from the public.<\/p>\n<p>The costs are also likely to be much higher than the consultant\u2019s estimate because the ultimate price tag of multibillion-dollar public projects is nearly always <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cato.org\/policy-report\/january\/february-2017\/megaprojects-over-budget-over-time-over-over\">underestimated<\/a> by a factor of two, three or more. That means New York\u2019s costs may outweigh its gains by $300 to $500 billion \u2014 a deadweight loss of up to $25,000 per state citizen.<\/p>\n<p>As California politician Willie Brown said, politicians don\u2019t tell the truth about the cost of public projects because if they did the public might never support them.<\/p>\n<p>There\u2019s also no direct connection between the integration analysis and the costs <a>suggested<\/a> in the scoping plan. The council seems to have taken the cost-benefit estimate as a blank check for spending. <a>So<\/a> compliance with its plan\u2019s various stipulations is to be <a>accomplished<\/a> via \u201cincentives\u201d \u2014 a word that appears in the plan almost 200 times. Because the individual costs of these incentives are undetermined, their total cost could easily exceed that <a>predicted<\/a> by the integration analysis.<\/p>\n<p>The analysis also ignores two potentially vast costs. First, it implicitly assumes that all this top-down planning doesn\u2019t harm the broader economy, making it harder for businesses to <a>run<\/a> profitably and deterring investment in the state. But history shows that such heavy-handed intervention tends to be an economy killer.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/power-plan-2.jpg?w=1024\" alt=\"Keyspan's Ravenswood Power Plant\" class=\"wp-image-25098051\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/power-plan-2.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/power-plan-2.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/power-plan-2.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>New York\u2019s costs may outweigh its gains by $300 to $500 billion \u2014 a deadweight loss of up to $25,000 per state citizen.<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>Second, there is still no plan to replace electricity production from natural gas before shutting down gas-fired power plants. The council openly admits there will be shortfalls in electricity production from wind and solar but does no more than <a>speculate<\/a> on a nonexistent (perhaps magical) \u201cdispatchable, emissions-free resource\u201d that will \u2014 it hopes \u2014 plug the gap.<\/p>\n<p>Not only is the cost of this magical solution not given, but unless it appears, that gap could lead to electricity blackouts costing hundreds of millions of dollars in economic damage, not to mention potentially hundreds of lives.<\/p>\n<p>Yet at a meeting this month, one council member shockingly said it would not be good for the plan to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/youtu.be\/7TmJADuxR6s?t=10824\">\u201coverstress\u201d<\/a> electric reliability.<\/p>\n<p>Such a remark makes clear that the council wasn\u2019t serious about understanding the real costs of its plan. And it\u2019s not hard to understand why.<\/p>\n<p>The Climate Action Council was charged to pursue a statutory goal: the climate act\u2019s mandated reductions in greenhouse-gas emissions. Yet that same law puts no limit on what residents can be forced to pay to achieve its targets. It\u2019s sad but it\u2019s also predictable that the council\u2019s plan shows such little concern for the act\u2019s effect on residents\u2019 overall well-being.<\/p>\n<p>After all, the underlying law was written with even less concern for the well-being of the average New Yorker.<\/p>\n<p><em>James Hanley is a fellow with the Empire Center for Public Policy.<\/em>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/12\/21\/high-costs-and-few-benefits-in-new-yorks-crazy-climate-plan\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;High costs and few benefits in New York&#8217;s crazy climate plan&#8221; Top-down economic planning has failed everywhere it\u2019s been tried, creating stagnating economies and poverty. But that\u2019s no deterrent to New York\u2019s Climate Action Council. Its just-approved scoping plan, the blueprint for implementing the state\u2019s Climate Leadership and Community Protection Act, has few benefits \u2014&#8230;<\/p>\n","protected":false},"author":1,"featured_media":530168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/power-plan-3.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74871,137566,43485,70752,3885],"class_list":["post-530167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-electricity","tag-12-21-22","tag-climate-change","tag-energy","tag-new-york"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/530167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=530167"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/530167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/530168"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=530167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=530167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=530167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}