01 Dec 2006 Kyoto Costs Examined, Succinctly
Americans on opposite sides of the issue address the question of projected costs of ratifying the Kyoto Treaty:
Recently [a Republican Congressman] claimed that complying with the Kyoto Protocol would increase the prices of consumer goods by more than 50 percent and the price of gasoline by 70 cents a gallon. Others have argued that the country would lose millions of jobs. Such alarmist economic assertions rely on faulty analysis…
The Kyoto Protocol… would require the United States to make drastic reductions in greenhouse gas emissions by 2010 to combat the alleged threat of man-made global warming. If ratified by the U.S. Senate, the treaty would inflict major harm on the economy and impose great costs on low-income families. …Kyoto would increase the price of gasoline by up to 66 cents per gallon, raise the average electric utility bill by 86 percent and hike the cost of heating fuel oil by 76 percent. Each U.S. household would have to spend an additional $1,740 per year on energy.