Yesterday, the Chicago Council on Global Affairs released a task force report entitled, Embracing the Future: The Midwest and a New National Energy Policy, that calls upon the Midwest to turn the challenge of energy and climate policy creation to its economic advantage. With new data and analysis, the report shows that while the costs of curbing carbon emissions are stark, the costs of delaying action are starker. Prompt enactment of national climate change legislation is essential to the Midwest’s future prosperity and competitiveness.
The report shows that the Midwest economy is significantly more carbon intensive than the national economy. Midwestern states account for more than a quarter (29 percent) of national greenhouse gas emissions and roughly 4 to 5 percent of global greenhouse gas emissions. At the same time, the region is likely to be disproportionately affected by a new national energy policy, and thus has a considerable stake in its development. If Midwestern interests are not taken into account, national energy policy reform is unlikely to succeed. Read the Full Report