Lobbying against key US climate regulation ‘cost society $60bn’, study finds

by Josh Gabbatiss, Barbon Brief

Environmental economists Dr Kyle Meng and Dr Ashwin Rode have produced what they believe is the first attempt to quantify the toll such anti-climate lobbying efforts take on society.

The pair say their work reveals the power firms can have in curtailing government action on climate change, in the face of “overwhelming evidence” that its social benefits outweigh the costs, which range from reduced farming yields to lower GDP.

Crucially, they found that the various fossil-fuel and transport companies expecting to emerge as “losers” after the bill were more effective lobbyists than those expecting gains.

Read more: https://www.carbonbrief.org/lobbying-against-key-us-climate-regulation-cost-society-60bn-study-finds

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