EPA Issues CO2 Finding

Environmental risk management is among the many topics up for discussion at this week’s Risk and Insurance Management Society (RIMS) 2009 Annual Conference in Orlando, Florida. On Friday the Environmental Protection Agency (EPA) confirmed that greenhouse gases are air pollutants that may endanger public health or welfare. The proposed finding, which now moves to a public comment period, identified six greenhouse gases (carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons and sulfur hexafluoride) that pose a potential threat. As an April 17 New York Times article notes, this basically sets in motion a process that will lead to regulation of greenhouse gases for the first time in the United States. It follows a landmark April 2007 U.S. Supreme Court decision that greenhouse gases fit well within the Clean Air Act’s definition of air pollutant and that the EPA has the authority to regulate emissions. Check out I.I.I. information on climate change and insurance.  

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