Topic: global warming news - Proposed Global-Warming Bills and Regulations Will Hurt, Not Help - Human Events (blog)

The Waxman-Markey and Kerry-Boxer bills, like the proposed regulations, are an expensive and ineffective response to the overstated threat of global warming. Although the proposed rules address all greenhouse gases, the main target is carbon dioxide, which is the unavoidable byproduct of fossil fuel combustion — the coal, oil, and natural gas that provides Americans with 85% of their energy. Thus, even the kitchen in a restaurant, the heating system in an apartment or office building, or the activities associated with running a farm could cause these and other entities to be regulated — potentially more than a million buildings, 200,000 manufacturing operations, and 20,000 farms. The Heritage Foundation’s analysis of the economic impacts of Waxman-Markey found $393 billion in lost gross domestic product each year, nearly $3,000 in annual energy costs for a household of four, and over a million net job losses. Both the regulatory and the legislative approaches unilaterally target American emissions and leave the rest of the world off the hook, thus accomplishing little.

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