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Cap and Trade * USA - Who will pay for ?
Curbing global warming could be costly to consumers
Minot,ND,USA -The Minot Daily News, by JILL SCHRAMM -12 July 2009: -- As Congress prepares to tackle global warming, Americans are nervously fingering their pocketbooks... Projected cost increases associated with a proposed cap-and-trade program have ranged from $175 a household in 2020, calculated by the Congressional Budget Office, to an annual average of $2,979 in Heritage Foundation estimates... Cap and trade is a provision of the American Clean Energy and Security Act, which aims to limit greenhouse gases by setting caps on industry emissions of carbon dioxide. The act passed the U.S. House 219-212 on June 26... The impact of cap and trade on area residents could be huge or not... A less obvious cost of cap and trade is the cost of enforcing any new law... Terry O'Clair, director of the air quality division at the North Dakota Health Department, said the EPA would have enforcement authority but it could delegate duties to the states. If the state must get involved in overseeing compliance, that would involve an intensive amount of work and added expense, he said...
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