A new government study shows that investing one dollar in Environmental Protection Agency regulations yields 10 dollars in payoff, in terms of avoided health costs and supplies new jobs, reports Jeff Spross at Climate Progress. Environmental regulations do impose compliance costs on businesses, and can raise prices, which hurt economic growth. But they also create jobs by requiring pollution clean-up and prevention efforts. And perhaps even more importantly, they save the economy billions by avoiding pollution’s deleterious health effects. Particles from smoke stacks, for example, are implicated in respiratory diseases, heart attacks, infections and a host of other ailments, all of which require billions in health care costs per year to treat. Preventing those particles from going into the air means healthier and more productive citizens, who can go spend that money on something other than making themselves well again. Another example is carbon emissions, which will impose costs on the economy in the form of future disruption to food supplies, destruction from extreme weather, and other upheavals if they’re not curbed.
Join the swelling numbers of voters TELLING Congress they’ll vote for Clean Energy candidates here: http://signon.org/sign/we-are-the-clean-99?source=c.em.cp&r_by=487176 . This is an ongoing campaign (the next Congressional election is in 2 years!) so please, spread the word. It’s our way of telling Congress that a strong clean energy voting bloc is out there. This is how YOU can make a difference.
For more on Climate Change, check out my weekly column at the HuffingtonPost, Climate Change This Week : http://www.huffingtonpost.com/author/index.php?author=mary-ellen-harte
New OMB Study: The Economic Benefits of EPA Regulations Massively Outweigh The Costs http://thinkprogress.org/climate/2013/05/03/1955891/new-omb-study-the-economic-benefits-of-epa-regulations-massively-outweigh-the-costs/
Saving money with environmental regulation. Critics argue that EPA regulation is costly to business and the U.S. economy. But a new report from the Office of Management and Budget shows that the financial benefits of environmental regulation outweigh the costs ten-fold. Living On Earth