Trying to figure out. Did you guys get in trouble . They sent you down at the other end of the table. Everyone is together, but youre down at one end. Listen, were going to get started. The subcommittee hearing will come to order without objection, the chairs authorized to declare recess in the committee to any time. This briefing is an extension of several hearings we have had discussing Climate Change. And on the current Economic Impacts of global warming. Im going to differ in the Opening Statement for myself and i know when we spoke earlier, in the holding area, i mentioned the fact that we would be hopefully trying to do a hearing, in fact, this is a briefing, we do have time for your Opening Statements, so, what i would like to do is to afford each of you the opportunity to do so. So, let me introduce the four of you and then we will move to you, mr. Gomez. We have alfredo gomez, director of National Resources and government accountability, office dave, joness new director for en
Several hearings we had discussing Climate Change focusing on current, future and Economic Impacts. I will defer to the Opening Statement for myself. When we spoke earlier in the holding area, i mentioned the fact that we would hopefully do a hearing. We do have time for your Opening Statements. What i would like to do is afford each of you the opportunity to do so so let me introduce the four of you and move to you, mister gomez. We have j. Alfredo gomez, Government Accountability office come a dave jones, senior director for in my mental risk and Nature Conservancy, institute for Economic Freedom and the heritage foundation, doctor Michael Michael greenstone, Milton Friedman, from the university of chicago and Stephen Benjamin mayor of the city of columbia, South Carolina. With that, director gomez, you are recognized to give an oral presentation of your testimony for five minutes. I am pleased to be here to discuss how to limit the federal governments exposure by better managing Cli
Change the House Oversight subcommittee on the environment held its fifth hearing on Climate Change. Everybody sits together we will get started the subcommittee will come to order without objection the chair is authorized to declare a recess at any time so to discuss Climate Change on the future Economic Impact i will defer the Opening Statement for myself and when we spoke earlier i mentioned the fact we would hopefully to do a hearing we have time for Opening Statements but what i would like to do is to give each of you the opportunity to do so. Let me introduce the four of you have all freight oh gomez from the Accountability Office senior director for environmental risk the institute for Economic Freedom doctor greenstone Milton Friedman and the honorable Stephen Benjamin mayor from south carolina. So you are now recognized to give an oral presentation of your testimony for five minutes. I am pleased to be here today how to limit the federal government fiscal exposure by reducing
Everybody sits together we will get started the subcommittee will come to order without objection the chair is authorized to declare a recess at any time so to discuss Climate Change on the future Economic Impact i will defer the Opening Statement for myself and when we spoke earlier i mentioned the fact we would hopefully to do a hearing we have time for Opening Statements but what i would like to do is to give each of you the opportunity to do so. Let me introduce the four of you have all freight oh gomez from the Accountability Office senior director for environmental risk the institute for Economic Freedom doctor greenstone Milton Friedman and the honorable Stephen Benjamin mayor from south carolina. So you are now recognized to give an oral presentation of your testimony for five minutes. I am pleased to be here today how to limit the federal government fiscal exposure by reducing risk this is an area on our high risk list since 2013 recent disaster has shown the need for planning
We take you to capitol hill for a House Oversight hearing on the Economic Impact of Climate Change under way. There are several reasons the on as a consequence it undermines the american people. Let me list. One, in 2018, the Trump Administration instituted a smaller social cost of carbon of 1 to 7 compared to 50. Its based on two faulty assumptions. First, it uses inappropriately high discount rates that are not supported by economic theory or Financial Markets. Second, it fails to account for damages that occur outside the United States. This failure discourages other countries who in total produce about 90 of total co2 emissions from undertaking emissions cuts that would benefit u. S. Citizens. The United States special role in global democracy can produce demonstrable benefits for u. S. Citizens, and we are failing here. The absence of meaningful progress at the recent madrid climate talks is evidence of what happens when we retreat. Number two, the social cost of carbon is no long