May 6, 2008
NAM, ACCF: Lieberman-Warner Bill Will Cost U.S. Big
The conclusions of a report released in March and conducted by the National Association of Manufacturers (NAM) and the American Council for Capital Formation (ACCF) said the Lieberman-Warner climate change bill (S. 2191), which the United States Senate is expected to debate in June 2008, would profoundly affect economic impact on U.S. businesses, consumers and governments nationally and in all 50 states (via Industry Week).
The legislation aims to reduce total U. S. greenhouse gas emissions with the goal of lowering emissions 63 percent below their 2005 levels by the year 2050 through a system that would call for companies to cap their emissions, and then have them trade emissions rights with each other.
A sampling of the findings of the NAM-ACCF report includes:
- Gross Domestic Product losses of $151 billion to $210 billion in 2020 and $631 billion to $669 billion per year in 2030;
- Employment losses of 1.2 million to 1.8 million jobs in 2020 and 3 million to 4 million jobs in 2030;
- Household income losses of $739 to $2,927 per year in 2020 and $4,022 to $6,752 per year in 2030;
- Electricity price increases of 28% to 33% by 2020 and 101% to 129% by 2030; and
- Gasoline price increases (per gallon) of 20% to 69% by 2020 and 77% to 145% by 2030
Last year NAM said EPA’s proposed standards seeking to reduce ozone levels from 84 parts per billion, would have a negative impact on manufacturing employment while providing only “nominal, if any, health benefits.”
Advertisers
Stay competitive through sustainability.
Find out how at the SAP Sustainability Resource Center. >>
EFFECTIVELY MANAGE WATER COMPLIANCE
Understand how increased enforcement may affect your company. Find out more >>
EPA mandatory emissions reporting starts Jan 1st
CSA Standards can help your organization get ready for compliance. Find out how. >>
Recent Daily News [ see all ]
- 11/06/2009
- 11/05/2009
- 11/04/2009
- Emissions Intensity Falling Globally
- JohnsonDiversey Ups GHG Reduction Target to 25%
- Sainsbury’s Offers Free London Electric Car Charging
- Carbon Trading Could Trigger a ‘Sub-prime Style’ Economic Crash
- Peabody, Exxon Accused of Undermining Climate Talks
- BMW, Toyota, Ford Tout Eco-cars
- In ‘Apathy Gap,’ Energy Efficiency at Home Ranks Low
- China Pushes for CO2 Storage, Not Emissions Reductions
- Clean Tech VC Funding On Rebound, Up 50% Since 2nd Quarter
- IECC Building Code Recommendations Add Up to 30% in Energy Efficiency Gains
- Disney Buys $7M in Reforestation Offsets, a Corporate Record
- McKesson to Save $300K Via Fuel-Efficient Vehicles
- Sprint to Save $2.1M With Eco-Friendly Packaging
- U.S. Export-Import Bank Adopts Carbon Policy to Support Renewable Energy
- Greening the Automotive Supply Chain
- Yokohama Rubber Cuts GHG Emissions 13.4% in 2008
- Electronics Industry Lawsuit Called ‘Attack on States’ Rights’
- Wal-Mart Adding LEDs to 650 Stores
- One Committee Down for Senate Climate Bill, Five More to Go
- EU Poised to Give Heavy Industry Free Carbon Permits
- ResponsibleTravel.com Scuttles Carbon Offsetting Option
- U.S. Cap-and-Trade Creates Winners and Losers among Largest Emitters
- DOE Awards $155M to Make Industrial Sector More Energy Efficient
- System Upgrades Power Up Energy Savings for Hotels
- Xerox Cuts GHG Emissions by 20% from 2002
- Waste Management Landfill Gas Project Complete
- Intel, Pepsi, Kohl’s Stay Atop Green Power Partnership list
- Wal-Mart Thinks Big With Smaller Stores
- Despite Critics, Gore ‘Proud’ to Invest in Green Firms
- Metal Recyclers Spar Over Ship Recycling Site
Industry Voices [ see all ]
A Roadmap for a Renewable Energy Partnership
Brad Cashaw
Vice President
Quaker Foods and Snacks Supply Chain and Sustainability
Forest Carbon Core to Climate Change Deal
Chris Elliott
Forest Carbon Initiative Lead
World Wildlife Fund
VCS and CarbonFix Tops in Review of Forestry Carbon Standards
Paulo Lopes
Carbon Management Consultant
Carbon Clear







Join the Discussion