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International Findings from EPA Analysis of the American Power Act





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The Obama Administration has just released the US EPA analysis of the American Power Act and it shows that US action coupled with reasonable actions by other countries will put us on a path to preventing the worst impacts of global warming.  It also shows that a lengthy delay in the deployment of international offsets will have a very minimal impact on the cost of the program.  Both findings address issues that opponents to comprehensive climate and energy legislation use to argue that we shouldn’t take action or that it won’t really be as cheap as everyone says (my colleague summarizes how EPA’s analysis shows the draft bill is affordable, equitable, and effective).

So let’s take each of these points in turn.   

1.  US Action Spurs/Solidifies Action of Other Countries. 
 One of the chief talking points of opponents of US clean energy and climate legislation is the claim that the US taking action would have little impact on global warming.  Taking US action in isolation, they claim that reducing US emissions won't make much of a dent in world emissions and future temperature increases. 
But those critics miss two important points:
  1. Other countries besides the US are taking action and have committed to emissions cuts (as I’ve discussed here); and
  2.  US action spurs/solidifies those actions (as I’ve discussed here).
This new EPA analysis shows the impact of these two realities in a tangible way.    Continued...



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