Political Quotes

“Mr. Chair, the social--or real--cost of carbon is the monetary estimate of the damages caused by carbon dioxide emissions to the environment, health, and economic growth. Today's bill contains an unnecessary and harmful policy rider that would delay, indefinitely, incorporating that cost in rulemaking or guidance documents. My amendment would strike that bad rider and would, instead, put us on a path of responsible policymaking that reflects the realities of changing climates and increasingly extreme weather events. {time} 2030 Former New York City Mayor Michael Bloomberg's bipartisan Risky Business report notes that accounting for the real cost of carbon emissions and preparing for climate change is a smart business practice. If we continue on our current path, by 2050, between $66 billion and $106 billion worth of existing coastal property will likely be below sea level nationwide. Eighty percent of California's GDP is derived from our coastal counties. Greenhouse gas-driven changes in temperature by burning fossil fuels will necessitate construction of new power generation that Mayor Bloomberg's report estimates will cost residential and commercial ratepayers as much as $12 billion per year. That is $12 billion that could be spent by families to put their kids through school or to buy a home. It could be spent by businesses to hire more employees or give annual bonuses.…”