Greenhouse Gases and the Clean Air Act:
An update
15 Jan 2009 in Welcome, Regulatory Economics, Regulatory Policy
On July 15, 2008, we published a post concerning the Environmental Protection Agency's advance notice of proposed rulemaking (ANPRM) concerning whether greenhouse gas emissions warranted regulation under the Clean Air Act. At the time, it was widely thought that this single regulatory action could be the largest in U.S. history, with annual effects on the economy of roughly $100 billion per year. We had planned to run a series of posts on the issues presented in this ANPRM.
We were overtaken by events. Not only do the ANPRM and its supporting documents run to thousands of pages, but the number of items in the public docket now exceeds 2,500, not including public comment mass mailings. However desirable it might be as a public service to sift through this information, it is beyond our current funding capabilities to complete.
Meanwhile, a truly unexpected event happened shortly after the ANPRM was published. The world financial panic that erupted in September is so much greater in scope and scale that this ANPRM suddenly looks small.
Neutral Source is revising its priorities for 2009 given these extraordinary events. Please be patient.
