Can We Afford to Stop Global Warming?
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.
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