Bloomberg Law
May 13, 2019, 12:53 PM

Making America Carbon Neutral Could Cost $1 Trillion Annually

Ari Natter
Ari Natter
Bloomberg News

Democrats from Capitol Hill to the presidential campaign trail see climate change as a winning political issue, and they are competing to outdo one another with ambitious plans to halt the rise in planet-warming greenhouse gases in the atmosphere over as small as a 10-year period.

But is that even possible?

That could mean stop using vehicles powered by internal combustion engines, abandon most electricity produced by coal, and retrofit buildings that use natural gas for cooking and heating. New bio-based fuels for aviation and carbon-capture technology for cement factories and chemical refineries would be required. And people would probably ...