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Lieberman-Warner Climate Security Act of 2008
On November 9, 2007 Senators Lieberman and Warner requested that EPA estimate the economic impacts of the S. 2191, the ‘Climate Security Act of 2007’ (now the ‘Lieberman-Warner Climate Security Act of 2008’).
This document constitutes EPA’s analysis in response to this request. The analysis is available online at: http://www.epa.gov/climatechange/economics/economicanalyses.html or you may download it directly from here.
Their conclusions ain’t pretty.
EPA estimates that LW may reduce GDP by $2.9 trillion in 2050 while reducing atmospheric CO2 by around 25 ppm by 2095.
What a bargain — reduce GDP by an estimated 6.9 percent for no meaningful change in atmospheric CO2!
Steven Milloy publishes JunkScience.com and DemandDebate.com. He is a junk science expert, and advocate of free enterprise and an adjunct scholar at the Competitive Enterprise Institute.
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