Bad Climate Change Bill Could Cost 4 Million U.S. Jobs
Industries supporting more than 4 million U.S. jobs could be at risk unless lawmakers include strong provisions in climate change legislation to keep energy-intensive, trade-sensitive manufacturers competitive.
A new report says the legislation should include a system of rebates and allowances to help U.S. companies make the transition to lower carbon emissions and a tariff system, or border adjustments, to penalize countries that fail to regulate greenhouse gases in the production of goods.
The report, “Climate Change Policy,” released today by the Economic Policy Institute (EPI), says a well-designed climate policy can support the economic recovery and green investments can support millions of new jobs, starting with the creation of more than 1 million jobs in the next two years. Click here to read the report.
