Tag Archives: Carbon Emissions

Some of America’s most powerful business interest groups are opposing the Obama Administration’s landmark climate protection rules, claiming these will hurt the economy. The U.S. Chamber of Commerce’s Institute for 21st Century Energy warns that the new rules could cost the economy as much as $50 billion per year.

The new rules are the most significant move President Obama has made to address the direct causes of climate change. Under the new rules, each state would have a broad menu of carbon-cutting options, including energy efficiency improvements, adding clean energy sources, implementing a carbon tax, or instituting or joining a cap-and-trade system.