Climate bill could cost $100 annually

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Posted on 26. Oct, 2009 by climatechange in Current issue

Associated Press News

A Senate plan supported by President Barack Obama to tackle global warming would add about $100 a year to the energy costs for a typical household, according to an analysis by the Environmental Protection Agency.

There have been widely conflicting price tags estimated for the climate bills. The Congressional Budget Office has estimated the household cost of the House-passed bill at about $175 a year in 2020. It has not examined the Senate bill. But some industry-cited studies have put the cost much higher, some claiming possible added costs of as much as $3,000.

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