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U.S. Economy Would Shrink by $2.6 Trillion Under EPA Carbon Regulations

Created on November 13, 2014

U.S. Economy Would Shrink by $2.6 Trillion Under EPA Carbon Regulations

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Read the original report, "The Obama Administration’s Climate Agenda: Underestimated Costs and Exaggerated Benefits," by Kevin D. Dayaratna, Nicolas Loris, and David W. Kreutzer.

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EPA regulations on carbon would eliminate an average of $155 billion a year in gross domestic product through 2030, with an aggregate total of $2.6 trillion.

Source: Heritage Foundation calculations using the Heritage Energy Model. See methodology for details.

CHART 1 • BG 2975

Tags: Environmental-Protection-Agency, EPA, Social-Cost-of-Carbon, SCC, climate-change