Media Updates
WASHINGTON – At a Senate Finance Committee hearing today, Sen. Orrin Hatch, R-Utah, explored the impact cap-and-trade proposals would have on American Jobs. Titled “Climate Change Legislation: Considerations for Future Jobs,” the hearing included testimony by various experts.
“There seems to be this emphasis by folks in Washington about the terrible social costs of doing nothing about warming,” Hatch said after the hearing. “But our job as policymakers is to make cost-benefit analyses of the actual actions being proposed. And if you run the actual numbers using the United Nation’s own assumptions about CO2, the cap-and-trade bills before Congress would lower global temperatures by a tiny .1 to .07 degrees Celsius after 100 years of implementation.
“There seems to be this emphasis by folks in Washington about the terrible social costs of doing nothing about warming,” Hatch said after the hearing. “But our job as policymakers is to make cost-benefit analyses of the actual actions being proposed. And if you run the actual numbers using the United Nation’s own assumptions about CO2, the cap-and-trade bills before Congress would lower global temperatures by a tiny .1 to .07 degrees Celsius after 100 years of implementation.
