On Monday, The Environmental Protection Agency has announced the carbon dioxide as greenhouse gas harmful to humans.
The decision by the EPA allows the agency to regulate co2 and other greenhouse gases and forces business to make expensive changes to factories to comply. The EPA ruling could affect the economy rapidly than cap-and-trade legislation or any agreement at the climate summit in Copenhagen, Denmark.
Business organizations opposed the ruling reducing gases that common as Carbon Dioxide.
The EPA ruling would “could result in a top-down command-and-control regime that will choke off growth by adding new mandates to virtually every major construction and renovation project,” U.S. Chamber of Commerce President Thomas Donohue said in a statement. “The devil will be in the details, and we look forward to working with the government to ensure we don’t stifle our economic recovery,” he said, noting that the group supports federal legislation.
The EPA regulations will not impact climate change “is certain to come at a huge cost to the economy,” said the National Association of Manufacturers, a trade group that stands as a proxy for U.S. industry.
A spokesman for Edison Electric Institute Said the EPA is less likely than the US Congress for “economywide approach” to regulating greenhouse gas emissions. Dan Reidinger says the power industry group prefers such an approach would place the burden across other industries.
Republicans asked the White House to withdraw the finding do the e-mail controversy by climate changer supporters fudging with the data from scientist from Climate Research Unit at the University of East Anglia in the United Kingdom.
However, the Obama Administration is standing the by the data.
A spokesman for the EPA says the data is “very strong,” and that when it is published, “we invite the public to review the extensive scientific analysis informing” the decision.
Wall Street Journal has more.