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Friday, May 23, 2008

Climate Change Bill to Hurt PA Economy

The Heritage Foundation has a new report on the economic costs of the Lieberman–Warner climate change bill.

They have also provided an analysis for each state. The estimated impact on Pennsylvania can be found here.

Table 1: Estimated Economic Impact of S. 2191 in Pennsylvania

Year

Gross State Product Loss (Millions)

Non-Farm Employment Loss

Manufacturing Jobs Lost

Personal Income Lost (Millions)

2012

1,346.65

-5,380

-626

-850.96

2020

-2,739.87

-2,235

-23,302

-1,667.51

2025

-4,994.64

-22,021

-56,245

-4,137.95

2030

-4,311.61

-14,248

-94,549

-5,219.38

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