Sens. John Kerry (D-Mass.) and Joe Lieberman (I-Conn.) released analysis today of their American Power Act, or APA, by the U.S. Environmental Protection Agency. The EPA’s analysis definitively demonstrates that we can reduce our carbon pollution and jumpstart the clean energy economy at a very small cost to American consumers. This analysis is also consistent with several other studies showing that the American Power Act would create jobs, reduce consumer energy prices, and help the United States lead the world toward stabilizing carbon emissions at safe levels by 2050.
Andrew Light & Richard W. Caperton
“EPA modeling shows American Power Act brings economic and climate benefits” | Grist
The picture is more complicated than the EPA analysis would indicate, but read the whole article for the fuller view.
Chiefly at issue are scenarios about “what developing countries will do,” but I think that arms control research is instructive. Peace research shows that an initial unilateral offer, followed by “tit for tat” responses in kind, is a realistic path to a safer future. This is good news.