Measures being proposed at the Copenhagen conference to curb greenhouse gas emissions are unlikely to affect potential long-term economic growth in the United States.
Economist Martin Ross says that adopting climate legislation would only cause slight changes in the nation’s Gross Domestic Product. A study which assessed the impacts of the plan being put forth found that measures being proposed would cost the average American household $57, $89, and $269 in 2015, 2020, and 2030, respectively. Over the same time period, household consumption, a measure of household purchasing power, is expected to rise by around 70%, while emissions are being reduced.
According to Ross, “Moderate action to address greenhouse gas emissions can be implemented without appreciable negative effects on our nation’s economic growth.” So that’s one more excuse that can no longer be used!
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