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How Would Missouri Fare Under Proposed Global Warming Legislation? | Missouri Political News Service

How Would Missouri Fare Under Proposed Global Warming Legislation?

May 24th, 2008 by mopns · No Comments

According to The Heritage Foundation’s Center for Data Analysis Report on the Lieberman-Warner Cap and Trade legislation, Missouri would lose 42,071 manufacturing jobs in 2030 should this legislation become law. Across the country, the already hard hit manufacturing sector of our economy would lose millions more jobs. Household energy costs would rise dramatically, and household income would decline.

The United States Senate is scheduled to consider this legislation the first week in June.

What is cap and trade? In this case, the federal government would impose arbitrary limits on six greenhouse gases, with the primary emphasis on carbon dioxide. In order to cap these emissions, the government would sell permits to power plants, refineries and natural gas producers, which will be passed along in the form of increased energy costs to consumers (much like an energy tax). It will also lead to large transfers of income from people in Missouri to special interests in Washington.

How much will it cost you? When Lieberman-Warner is fully implemented in Missouri, the average household would see energy costs rise by $872 more per year in 2025 because of this legislation. The increase in the average electric bill would be at least 80% more than under current law, and the average natural gas bill increase would be at least 37% over current projections. And, in 2030, gasoline prices would be $5.46 a gallon if Lieberman-Warner becomes law, while only $4.42 under current projections.

Moreover, according to the Heritage analysis, the trade-off for the damage Lieberman-Warner would do to the economy is, “. . . very little change in global temperature…perhaps even smaller than the .07 of a degree Celsius drop in temperature that many scientists expected from worldwide compliance with the Kyoto climate change accords.”



Tags: MO Economy

0 responses so far ↓

  • 1 Stephen Ariely // May 24, 2008 at 3:32 pm

    Wow, could your head be any deeper in the sand?

    Denial about global warming, and a lack of leadership in addressing it, are one of the many reasons why the Republican Party is going to suffer very serious setbacks over the next few years.

    Wake up and take a look around. Don’t worry so much about what’s “liberal” and what’s “conservative.” Instead, worry about how our children are going to survive the 21st century.

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