A February 2015 study by NERA Economic Consulting and commissioned by the NAM, Economic Impacts of a 65 ppb National Ambient Air Quality Standard for Ozone reveals that a new ozone regulation from the Obama Administration could cost the economy $140 billion per year and place over one million jobs at risk. This would be the most expensive regulation ever imposed on the American public.
The analysis found that the EPA’s proposed regulation could:
- Reduce U.S. GDP by $140 billion per year and $1.7 trillion from 2017 to 2040
- Result in 1.4 million fewer job equivalents on average through 2040
- Cost the average U.S. household $830 per year in the form of lost consumption.