Administration’s GHG Regulation Surpass Cap-and-Trade Costs

Recently, the Environmental Protection Agency (EPA) released its second round of greenhouse gas (GHG) standards for heavy-duty engines and trucks. The $30 billion regulation comes on the heels of a 2011 regulation that also addressed fuel efficiency and imposed $8.1 billion in long-term costs. EPA’s patchwork of GHG rules under the Clean Air Act is quickly growing into a regulatory behemoth.

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