Connect with us

Hi, what are you looking for?

Latest News

Biden admin cracks down on washers, fridges in latest climate action: ‘Overregulation on steroids’

The Biden administration proposed sweeping rules Friday to boost energy efficiency standards for clothes washers and refrigerators in an action it claimed would save consumers money and ‘significantly reduce pollution.’

The Department of Energy (DOE) said the two regulations, which would be implemented in 2027 if approved, are projected to reduce carbon dioxide emissions by 233 million metric tons over the next 30 years. The agency also estimated that the energy-efficiency standards taking certain appliance models off the market would save $3.5 billion on an annual basis.

‘With today’s proposals, we’re building on a decades-long effort with our industry partners to ensure tomorrow’s appliances work more efficiently and save Americans money,’ Energy Secretary Jennifer Granholm said in a statement.

‘Over the last forty years, at the direction of Congress, DOE has worked to promote innovation, improve consumers’ options, and raise efficiency standards for household appliances without sacrificing the reliability and performance that Americans have come to expect,’ she continued.

According to the announcement, the washers and refrigerators affected by the regulations currently represent 5% of annual residential energy use and 8% of residential electricity use nationwide.

The new standards proposed for the two household appliances are the latest in a series of energy efficiency actions the Biden administration has pursued since taking office two years ago. In 2022 alone, the administration took more than 110 actions on appliances.

On his first day in office in January 2021, President Biden signed an executive order requiring the Department of Energy to make ‘major revisions’ to current appliance regulation standards and standards set by the Trump administration. A month later, the agency listed more than a dozen energy efficiency rules, impacting appliances like water heaters, cooking products and lamps, that it would review.

Experts, though, have argued the appliance regulations are unnecessary and that consumers are already able to freely purchase more efficient appliances.

‘This is overregulation on steroids,’ Ben Lieberman, a senior fellow at the Competitive Enterprise Institute, told Fox News Digital in an interview. ‘These are appliances that have already been subjected to multiple rounds of successively tighter standards.’ 

‘There is just not much there there anymore,’ he said. ‘There’s a great risk of doing more harm than good in the form of appliances — refrigerators or washers that cost more upfront than you’re ever likely to save in the form of less energy and water use.’

Lieberman added that such appliance regulations were part of the Biden administration’s ‘war on energy use.’

‘By using climate as a kind of finger on the scale in favor of tougher standards, I think that’s all the more reason to be suspicious that this is going to be a bad deal from a consumer standpoint,’ he continued.

‘Anybody who wants to buy ultra-efficient appliances is free to do so with or without these regulations. The regulations just make that the only game in town and usually at a higher cost that may or may not be earned back over the life of the appliance.’

This post appeared first on FOX NEWS







    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!





    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    Russia’s Arrest Warrant for Lindsey Graham: A Diplomatic Tug-of-War Unveils Deepening Tensions Article: In a startling turn of events, Russia has issued an arrest...

    Stock

    Mastering the Covered Calls Options Strategy: A Comprehensive Guide for Investors Introduction: Covered calls are a popular options strategy used by investors to generate...

    Latest News

    23 GOP-Led States Rally Behind Florida’s Challenge to Biden’s Policy on Migrants Released Without Court Dates Introduction: In a significant show of solidarity, 23...

    Investing

    Top 10 Manganese-producing Countries: A Look at the Global Leaders in Manganese Production (Updated 2023) Manganese is an essential metal used in various industrial...

    Disclaimer: Worldmarkettitans.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Worldmarkettitans.com