EPA Pushes to have Companies Track Greenhouse Gases Congress plans to make large polluters, such as oil

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EPA Pushes to have Companies Track Greenhouse Gases Congress plans to make large polluters, such as oil refiners and automobile manufacturers, and makers of cement, aluminum, glass and paper, start tracking their emissions next year. The EPA’s climate change division noted that this is an important step. A cap-and-trade scheme will be introduced for factories that emit 90 percent of U.S. greenhouse gases.

Source: USA Today, March 11, 2009 The monitoring cost of the scheme is expected to be about $127 million a year. Who will benefit from the scheme? Who will bear the burden of this scheme?

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Economics

ISBN: 125380

10th Edition

Authors: Michael Parkin ,Robin Bade

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