Source:
ReutersEPA sees little economic impact from CO2 cutsTue Jul 24, 2007 5:28PM EDT
-snip-WASHINGTON (Reuters) - A U.S. Senate proposal to cap and
eventually reduce heat-trapping carbon dioxide emissions would
stunt economic growth by no more than 1.6 percent by 2030, the
U.S. Environmental Protection Agency found on Tuesday.
The EPA analysis counters claims from some who oppose mandatory
caps on carbon dioxide emissions that the U.S. economy would take
a sizable hit if the United States enacted legislation backed by
Democratic leaders of both the Senate and House of Representatives.
Senators Joseph Lieberman, Connecticut Independent, and John
McCain, Arizona Republican, asked the EPA in February to analyze
their plan to cut U.S. carbon dioxide emissions by 65 percent below
1990 levels by 2050.
The EPA found that the Climate Stewardship and Innovation Act of
2007 would shave up to 1.6 percent, or $419 billion, off a baseline
forecast for U.S. gross domestic product in 2030 and up to 3.2
percent, or $1.332 trillion, by 2050.
-snip-Read more:
http://www.reuters.com/article/environmentNews/idUSN2423144520070724