Professional Documents
Culture Documents
1 .EPA regulations
1. Costs of EPA regulations
David Kreutzer (Senior Policy Analyst in Energy Economics and Climate Change), Karen Campbell (Policy
Analyst, Macroecomomics), October 29th, 2008, "CO2-Emission Cuts: The Economic Costs of the EPA’s ANPR
Regulations," Heritage Foundation, <http://www.heritage.org/Research/Energyandenvironment/cda08-10.cfm>
Even assuming these unlikely goals are met, restricting CO2 emissions by 70 percent will damage the
U.S. economy severely:
1. Cumulative gross domestic product (GDP) losses are nearly $7 trillion by 2029 (in inflation-adjusted
2008 dollars), according to The Heritage Foundation/Global Insight model (described in Appendix A).
2. Single-year GDP losses exceed $600 billion (in inflation-adjusted 2008 dollars). 3. Annual job losses
exceed 800,000 for several years. 4. Some industries will see job losses that exceed 50 percent.