mo4ch:>Washington’s emissions plan could cost US economy $400 billion | Mo4ch News

A controversial proposal by the Trump administration to freeze greenhouse gas emissions standards could end up costing the economy US$400 billion.Using an open-source predictive modeling software, the Energy Policy Simulator, Energy Innovation found that although at first the freeze on emissions standards will lead to household savings since less fuel efficient cars are cheaper, it would ultimately increase costs as less fuel efficient cars also use more fuel. BY 2050, these are estimated at the hefty US$400 billion in 2018 dollars.Of course, it won’t be just higher costs that will be the problem but also higher emissions with a freeze on standards. According to Energy Innovation, these will increase most in the 2030s, as after that, the company assumes EV sales will increase considerably, reducing the market share of cars with internal combustion engines, fuel efficient or not.Also on rt.comUN climate report urges people to stop eating meat & abusing land to save planetThis futur…