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®: CRE Regulatory Action of the Week

EPA Releases its Analysis of Climate Change Legislation

In a letter dated November 9, 2007, Sen. Lieberman and Sen. Warner asked the U.S. Environmental Protection Agency to estimate the green house gas emissions and atmospheric greenhouse gas concentration impacts of S.2191, America’s Climate Security Act of 2007. This legislation requires greater emissions reductions than the prior Lieberman-McCain bill.

EPA published a document dated March 14, 2008, that responds to the Senators’ request for analysis of their climate change legislation.

EPA’s analysis concludes that S. 2191 would by 2030 decrease total U.S. greenhouse gas emissions by 40% from reference case emissions. By 2095, the global CO2 concentration would likely be lower than 491 ppm if S. 2191 is enacted.

The legislation’s greatest impact would be on the electricity generating sector. It would also increase the price of gasoline by $.0.53 per gallon in 2030, and $1.40 per gallon in 2050.

  • Click here to read EPA’s analysis of S. 2191