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Regulations of Mass Job Destruction
Posted By Conn Carroll On October 16, 2008 @ 3:33 pm In Energy | Comments Disabled
Bloomberg is reporting Barack Obama “will classify carbon dioxide as a dangerous pollutant that can be regulated .” As we have reported  repeatedly  in the past , such a decision would trigger numerous regulatory actions pursuant to the Clean Air Act and empower the Environmental Protection Agency to centrally plan the entire economy .
Since the EPA published its proposed carbon capping plan this summer , the Heritage’s Center for Data Analysis  has been using the widely respected Global Insight’s U.S. Macroeconomic Model of the American economy to estimate the economic impacts of CO2 regulations. CDA’s report is not yet finalized, but so far it has found that a decision by a future administration to regulate carbon pursuant to the Clean Air Act would:
The study measures only the likely impacts through 2029, at which point CO2 will have been cut by 31% below the 2005 level. The ultimate CO2 reduction target will likely exceed 70% by 2050. This will add much more to the total economic burden of the regulation.
Tell the EPA what you think of their carbon capping plans here .
Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2008/10/16/regulations-of-mass-job-destruction/
URLs in this post:
 will classify carbon dioxide as a dangerous pollutant that can be regulated: http://www.bloomberg.com/apps/news?pid=20601087&sid=a2RHIj_6hvV0&refer=home
 reported: http://www.foundry.org/2008/09/16/if-you-eat-sleep-or-pray-then-the-epa-is-coming-for-you/
 repeatedly: http://www.foundry.org/2008/07/14/epa-could-regulate-lawnmowers-speed-limit/
 in the past: http://www.foundry.org/2008/07/11/the-epa-and-you/
 empower the Environmental Protection Agency to centrally plan the entire economy: http://www.foundry.org/2008/07/09/morning-bell-central-planning-coming-on-carbon/
 proposed carbon capping plan this summer: http://www.epa.gov/epahome/pdf/anpr20080711.pdf
 Center for Data Analysis: http://www.heritage.org/about/departments/cda.cfm
 here: http://www.stopepa.com/
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