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“Political lobbying in the US that helped block the progress of proposed climate regulation a decade ago led to a social cost of $60 billion.” carbonbrief.org/lobbying-again…
“The Waxman-Markey bill, described by the study’s authors as “the most prominent and promising US climate regulation so far”, did not make it past the Senate in 2010, meaning it never passed into law.”
“Formally known as the American Clean Energy and Security Act 2009, the bill proposed a 17% cut in US emissions by 2020 – and then 80% by 2050 – based on 2005 levels.”
