EPA Formally Declares CO2 a Dangerous Pollutant
Nicolas Loris /
Step aside, elected Members of Congress. If you can’t pass cap and trade legislation, The Environmental Protection Agency will move in with massively complex and costly regulations that would micromanage just about every aspect of the economy. They announced today that carbon dioxide and five other greenhouse gases (GHGs) threaten public health and the environment.
Since 85 percent of the U.S. economy runs on fossil fuels that emit carbon dioxide, imposing a cost on CO2 is equivalent to placing an economy-wide tax on energy use. The kind of industrial-strength EPA red tape that the agency could enforce in the name of global warming would result in millions of dollars in compliance costs. These are unnecessary costs that businesses will inevitably pass on to the American consumer, slow economic growth and kill jobs. Although the crafted rules say only facilities that emit 25,000 tons of carbon dioxide per year or more will be affected, businesses fear the exemption may not hold up in court and could now be imposed on many smaller commercial buildings, farms, restaurants, churches and small businesses.
Even EPA administrator Lisa Jackson acknowledged top-down regulations would be more costly than a cap and trade system, saying, “Legislation is so important because it will combine the most efficient, most economy-wide, least costly, least disruptive way to deal with carbon dioxide pollution,” she recently stated, adding that “we get further faster without top-down regulation.” Of course, this isn’t a legitimate argument to pass cap and trade legislation. Cap and trade, a climate treaty and EPA regulations are the three ugly step-sisters of climate policy. Yet they’re trudging forward anyway.