The new administration’s plan to dramatically reduce the U.S. energy sector’s carbon footprint by 2025 would cost average American families and businesses a staggering $30 a month.
The Trump administration released its long-awaited plan to slash U.N. climate change commitments on Wednesday, and the centerpiece of the plan would cut carbon emissions by 25 percent by 2030.
The plan, which was first reported by Bloomberg, would cost the typical American household and business $300 a month by 2020.
The administration said the reduction would lead to a $4 trillion reduction in greenhouse gas emissions by 2030 and create more than 2.5 million jobs.
But a study by the Competitive Enterprise Institute found that the proposal would cost $28 a month for a typical household and $40 a month a year for an average business.
Trump, who has long touted the importance of energy, promised to eliminate all of the nation’s greenhouse gas emission goals by 2025, and to put an end to the U-turn on the Paris Climate Accord.