Another new report refutes the argument that the Environmental Protection Agency’s (EPA) proposed carbon pollution regulations will create an economic catastrophe. The study examines the impact of the EPA rules on the automotive industry and finds that compliance would only cost $7 per car — less than one percent of the cost of a new vehicle. The report from the Business Forward Foundation, entitled “Severe Weather And Manufacturing In America: Comparing The Cost of Droughts, Storms, And Extreme Temperatures With the Cost of New EPA Standards,” compares the impact of climate change-related extreme weather events to the automobile industry and concludes that weather-related shutdowns in a single assembly plant could cost up to $1.25 million for every hour of lost production.
Read the rest of Report: Cost of Climate Change to Auto Industry Drastically Exceeds Cost of New EPA Standards
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Post tags: auto industry, auto plants, Business Forward Foundation, carbon limits, cars, Climate Change, costs, epa, epa rules, global warming, manufacturing
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