FEEM Seminar: “The Economic Consequences of Delay in US Climate Policy”
The United States Environmental Protection Agency (EPA) has begun regulating existing stationary sources of greenhouse gases (GHG) using its authority under the Clean Air Act (the Act). The regulatory process under the Act is long and involved even in the best of circumstances. The complexity and contentiousness of GHG regulation could draw out the process even further, raising the prospect that significant U.S. action might be delayed for years. Presented by Warwick McKibbin, Australian National University, and based on a work co-authored by Warwick McKibbin, Adele Morris and Peter Wilcoxen, the seminar examines the economic implications of such a delay.