“Significant congressional efforts to address climate change have failed, and the issue has received almost no attention on the 2012 campaign trail. In spite of these facts, federal regulations designed to reduce greenhouse gas (GHG) emissions and mitigate climate change are real and growing in importance. Without the benefit of new legislation, the Environmental Protection Agency (EPA) has finalized rules under the Clean Air Act affecting motor vehicle fuel efficiency and emissions from power plants. After surviving a number of legal challenges, these rules will remain in place and grow in importance in coming years. In this research note, Philip Wallach surveys the development of U.S. climate change policy and assesses where GHG regulation can and should go from here.”
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