Competitive Enterprise Institute | 1899 L ST NW Floor 12, Washington, DC 20036 | Phone: 202-331-1010 | Fax: 202-331-0640
Washington, D.C., March 21, 2011- The Environmental Protection Agency is relying on accounting tricks and gimmicks in its claims that clamping down on greenhouse gas emissions will produce more financial benefit than harm. That’s the finding of a new Competitive Enterprise Institute report, “Clearing the Air on the EPA's False Regulatory Benefit-Cost Estimates and Its Anti-Carbon Agenda,” by Garrett A. Vaughn, an independent economic consultant specializing in energy and the environment.
The EPA is poised to regulate greenhouse gas emissions under the Clean Air Act, in a vast and costly expanse of the agency’s regulatory reach. Vaughn takes apart the EPA’s case for such action. Among his specific criticisms:
“The EPA is now trying to dress up the even more expensive alternative of direct regulation with the same inflated net benefit estimates prepared for true [Clean Air Act] pollutants such as particulate matter and nitrous oxides,” explained Vaughn. “Congress and the administration understand well that EPA regulations actually impose costs far in excess of benefits, the EPA’s official claims to the contrary notwithstanding,” he said.
> Read the CEI OnPoint, “Clearing the Air on the EPA's False Regulatory Benefit-Cost Estimates and Its Anti-Carbon Agenda ” by Garrett A. Vaughn