Citizens for a Sound Economy Issue Analysis 57 - Think Globally, Tax Locally: The EPA's Global Warming "Action Plan" July 26, 1997
In July 1996, in a major policy shift, the Clinton administration agreed in principle to binding international limits to reduce manmade greenhouse gases. At the 150-nation Global Climate Conference in Geneva, Undersecretary of State for Global Affairs Timothy Wirth announced the administration's intent to secure an international agreement that would legally bind some countries to reduce emissions of CO2 and other "greenhouse" gases believed by some to cause global warming.
Capitol Comment 167 - EPA Ups Expected Cost of Air Quality Standards to $46 Billion
In April, the Environmental Protection Agency (EPA) admitted that it overestimated the benefits from the new air quality standard for fine particulate matter, lowering its estimates of annual reduced premature mortality from 20,000 to 15,000. Now the EPA says implementing the standards will cost more than its original estimate of $8.5 billion annually; its final Regulatory Impact Analysis (RIA) for the new standards contains an annual cost estimate of $46 billion.1