Study: Global warming bill could cost 2.4 million jobs, $1,250 per household
A carbon emissions plan under consideration in Washington aimed at global warming and climate change could cost the U.S. economy between 1.8 million and 2.4 million jobs over the next two decades.
The study, released Wednesday by the National Association of Manufacturers and the American Council for Capital Formation, worries about plans of Democrats and the Obama administration plans that would put caps and fees on carbon emissions and pollution.
The business study says the climate bill would increase costs that would be passed onto consumers and that a U.S. household would lose as much as $250 annually by 2020 and $1,250 by 2030. Also, according to the study, the GDP could lose 2.4 percent of its value by 2030.
Environmental groups discounted the business study’s conclusions, saying the climate and energy plans will bolster alternative energy development and production, reduce carbon emissions and pollution and reduce U.S. reliance on fossil fuels and foreign oil.
Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Center of Research on Globalization grants permission to cross-post original Global Research articles on community internet sites as long as the text & title are not modified. The source and the author's copyright must be displayed. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected]
www.globalresearch.ca contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the
For media inquiries: [email protected]