Posted on 07/31/2014 9:09:38 AM PDT by jazusamo
A looming Obama administration rule aimed at updating the federal ozone standard could be the single most expensive federal regulation in U.S. history, according to a new study commissioned by the National Association of Manufacturers (NAM).
The proposal, expected to be unveiled by year’s end, could lead to millions of lost jobs, $2.2 trillion in compliance costs and a $3.4 trillion blow to gross domestic product between 2017 and 2040, according to the 142-page study.
The analysis does not take potential public health benefits into account.
NAM President Jay Timmons contends the regulation would saddle manufacturers with a new regulatory burden, just as the industry is making a comeback from the economic downturn of the late 2000s.
“[B]ut tightening the current ozone standard to near unachievable levels would serve as a self-inflicted wound to the U.S. economy at the worst possible time,” Timmons said. “This rule would undermine our work to expand manufacturing in the United States, making it almost impossible to increase operations, create new jobs or keep pace internationally.”
In light of the potential costs, the manufacturers group plans a “broad education campaign” in “key states” to highlight the rule’s potential impact ahead of this fall’s midterm elections.
The study, conducted by NERA Economic Consulting, is based on the premise that the Environmental Protection Agency would seek to lower the ozone standard from 75 parts per billion (ppb) to 60 ppb.
The move would reduce U.S. GDP by $270 billion per year, a loss of $3.4 trillion from 2017 to 2040, according to the study. Further, it would result in 2.9 million fewer jobs per year on average through 2040, while raising electricity costs for manufacturers and households alike, the group warned.
“The EPA is considering setting ozone levels below what exists at national parks, such as Yellowstone and Denali, said NAM Vice President of Energy and Resources Policy Ross Eisenberg. “It is vital that the Obama Administration allow existing ozone standards to be implemented rather than move the goalposts with another set of requirements for manufacturers. Trillions of dollars are at stake.”
The EPA is scheduled to propose the standards in December, according to the agency’s formal rulemaking agenda.
What is the limit going to be on lightening cause ozone?
On a national average, every CO2 molecule is counted 3 times and each count is included in the Climate Change summary.
Tagline Bump.
Follow the money, from the Lobbyist to the fat cats that will be getting rich.
This report fails completely to take into account the monetary value of the good feelings that liberals get from doing something that will have zero impact on anything except our pocket books.
Amen, seems NERA doesn’t have their touchy, feely sentiments. :-)
When our peach industry disappears because the necessary pesticides supposedly affect ozone, are people going to stop eating peaches? No. Most will eat Chinese peaches instead. The Chinese will use the pesticide and God knows what else.
GLOBAL WARMING HOAX: THE BASICS
This video is a nice, four-minute summary of some of the basics of the global warming debate. It was shot at the Heartland Institute’s 9th International Conference on Climate Change, between July 7 and July 9. If you have followed the science closely, you won’t learn anything you didn’t already know. But it is a good introduction for those who are new to the science, and an enjoyable overview for anyone. I recommend it. It is also a good resource to share with your less well-informed friends, to give them a taste of climate realism:
http://www.powerlineblog.com/archives/2014/07/global-warming-hoax-the-basics.php
Gov. Moonbeam at it again...
California Governor Jerry Brown: Climate Change Will Drive Millions of People North over the Border
Ping!
Thanks for the links, Moonbeam is still an idiot.
Back in the 90’s the EPA imposed restriction on manufacturing claim the over use of Ozone depleting chemicals were reducing the Ozone layer in our atmosphere.
See: 21 CFR 184.1563 - Ozone. - Regulations -
cfr.vlex.com/vid/184-ozone-19707533
21 CFR 184.1563 - Ozone. Title 21: Food and Drugs. ... Related searches: ... ozone depletion; ozone generator; ozone hole; ozone kites; ozone layer; ozone magazine ...
Manufacturers all over the world curbed their use of Halogens, and CFC’s.
Now the EPA has swung the pendulum to the other extreme. What’s that say about absolute power breeding absolute corruption?
Government at all levels is the biggest impediment to job creation.
I recently read a piece about bootleg refrigerants containing methane and can be a safety hazard as far as explosion.
This of course is a result of increased costs of refrigerants due to the elimination of CFC’s.
[ What is the limit going to be on lightening cause ozone? ]
A tax on Tesla coils......
Great....
Ozone near ground level is toxic. Stratospheric Ozone is beneficial. Ground level Ozone is caused by inefficient combustion.
The only disagreement I have is the term hoax. I feel that delusion or ego describes it better.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.