Climate-change law could put 4M jobs at risk, report says

Oct 05, 2009 | 11:15 AM | Lisa Gordon

A report outlining the impact that climate-change legislation could have on the economy suggests that more than four million jobs could be at risk unless Congress includes safeguards to help manufacturers deal with stricter standards and prevent carbon leakage.

"Poorly designed climate-change policies could slow or halt the recovery of significant segments of U.S. manufacturing and could even lead to increased global production of greenhouse gases," according to the report, "Climate Change Policy: Border Adjustment Key to U.S. Trade and Manufacturing Jobs," issued by the Economic Policy Institute.

The report, which outlines the most vulnerable U.S. manufacturing industries in terms of carbon emissions and examines the extent of employment in these industries and their supply chains, was endorsed by a number of groups, including the United Steelworkers union and environmentalists. ....

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