Businesses Fume over Carbon Dioxide
As officials prepare for a climate conference in Copenhagen later this week, businesses are fuming over a finding of the Environmental Protection Agency that could well pave the way to legal regulation of industrial carbon dioxide emissions. This translates to a substantial increase in production costs for many industries. Whether or not this will become an “economy-wide approach” that encompasses all corporations (and thus giving power industries less financial pressure) is still under speculation; however, regulated industries are obligated to spend a good amount of revenue on improving infrastructure-efficiency as well as enhancing the treatment of generated pollutants.
Ultimately, if implemented, these measures will be reflected by soaring gas and energy prices and a slighter price change in consumer goods. For further information, visit the WSJ’s article here.
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