In total, this means the repeal of the endangerment finding will impose an estimated costs of $1.5tn, overshadowing the projected $1.3tn in savings. And that’s before you take into account the huge social and climate costs.
“Their own analysis shows that the costs outweigh the benefits,” said Kathy Harris, who leads clean vehicle programming at the environmental nonprofit Natural Resources Defense Council.
In an emailed statement, an EPA spokesperson said: “The Trump EPA is following the law, ending the bogus overreach of previous administrations done by agenda-driven climate zealots.”