The EPA’s plan to curb carbon-dioxide emissions lets each state figure out how its going to reach its goal.
There are already big differences among states in one area: the cost of electricity for their residents.
In March, folks in Wyoming were paying ten cents per kilowatt hour, but people in Massachusetts paid nearly double.
“The biggest factor here is that there’s just a lot of different generation mixes across the states,” said Harrison Fell, a professor with the Colorado School of Mines.
Wyoming gets almost all of its energy from coal, while in Massachusetts it’s mostly natural gas, according to the Georgetown Climate Center.
“The more coal intensive you are, the bigger impact the rules will be,” said Andrew Kleit is a professor of energy and environmental economics at Penn State.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.