"New climate change rules could add trillions to US GDP"

[applegrove]

New climate change rules could add trillions to US GDP

By Michele Richinick at MSNBC

http://www.msnbc.com/msnbc/new-climate-change-rules-could-add-trillions-us-gdp

"SNIP......................



President Barack Obama’s new guidelines to reduce carbon emissions could add more than $1.3 trillion to American gross domestic product (GDP) over the next several decades.

The U.S. Environmental Protection Agency earlier this month unveiled a proposal that would cut power plant emissions by 30% before 2030, msnbc previously reported. The proposed rule, if implemented, could be the most ambitious environmental initiative in the nation’s history.

Industrial manufacturers will be able to monetize carbon dioxide through a carbon sequestration technology, which converts waste carbon dioxide into chemicals, fuels, animal feed, and flavors and fragrances, according to USA Today. The rules could save the future of coal power plants at Duke Energy, and boost margins for industrial manufacturers for oil refiner BP and car manufacturer Ford Motor.

The guidelines could also reduce the country’s total carbon dioxide emissions by 52% within a couple of decades.



.....................SNIP"

[Jackpine Radical]

1. I don't know the details of this & haven't seen any technical analyses, but

if it's as good as it sounds on first blush, I wildly applaud Obama's action. This is the sort of thing we elected him for.

[babylonsister]

2. Sounds wonderful. Two key words-"if implemented".

What are the odds?