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United States : SOUTH CAROLINA shows huge investments in alternative energy can be done without harming economy

June 10, 2014



In a bid to address the negative impacts of climate change, the Environmental Protection Agency (EPA) has announced proposed rules to reduce carbon emissions from the country's power plants.

Power plants contribute around 40% of the U.S. carbon pollution and hence moving towards a green energy economy is crucial and it is clear that EPA rules for states to curb carbon pollution are needed.

While the U.S. Chamber, utilities, elected officials and other business organizations say that these new regulations will lead to an increase in the cost of energy thus hurting consumers and the economy, South Carolina is the ideal case study to remove these fears.

The South Carolina case study of energy investments, consumer power costs and financial impact have proved that huge investments in alternative energy can be done without harming the economy, even when power rates increase significantly.

As a matter of fact, the high-paying construction jobs generated by investing in nuclear power have helped the state's economy.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: TendersInfo (India)


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