Fact or Fiction # 2

MYTH: Even if Global Warming is a Problem, Acknowledging it Will Hinder American Industry and Workers

FACT: A well-designed trading program will harness American ingenuity to decrease heat-trapping emissions cost-effectively - starting a new carbon economy. Rumors that battling global warming will hurt the economy and cost hundreds of thousands of jobs are baseless. In reality, companies that are already reducing their heat-trapping emissions have found that cutting pollution saves money! The cost of an in-depth national greenhouse gas reduction program will depend on the exact emissions targets, the time for the reductions and the means of putting the program into place. Get this - an independent MIT study discovered a modest cap-and-trade system would cost less than $20 per household yearly and have no negative repercussions on employment.