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Full Text of this Amendment

SA 4844. Mr. MENENDEZ (for himself and Mr. Kerry) submitted an amendment intended to be proposed by him to the bill S. 3036, to direct the Administrator of the Environmental Protection Agency to establish a program to decrease emissions of greenhouse gases, and for other purposes; which was ordered to lie on the table; as follows:

At the end of title XVI, add the following:
SEC. 16__. REPORT ON THE ECONOMIC IMPACTS OF CLIMATE CHANGE.
(a) In General.--Not later than 1 year after the date of enactment of this Act, the Administrator shall enter into an arrangement with the National Academy of Sciences (referred to in this section as the ``Academy''), under which the Academy shall, not later than January 1, 2011, and every 5 years thereafter, submit to the Administrator and make available to the public a report that assesses the costs of climate change on the United States economy, including the costs associated with
hurricanes and other storms, drought, hunger, water shortages, and coastal flooding.
(b) Initial Report.--
(1) REQUIREMENTS.--The initial report required under subsection (a) shall--
(A) include an analysis of the economic, social, and environmental consequences of climate change in the United States if action is not taken to reduce global greenhouse gas emissions;
(B) take into account the risks of increased climate volatility and major irreversible impacts of climate change;
(C) be organized by region of the United States;
(D) identify--
(i) the key economic and environmental effects from climate change; and
(ii) the main impacts to be expected from climate change, including impacts on--
(I) agriculture and forestry;
(II) the food supply;
(III) energy;
(IV) transportation;
(V) fisheries;
(VI) coastal impacts and habitability;
(VII) recreation and tourism;
(VIII) public health;
(IX) water quantity and quality;
(X) low-income consumers; and
(XI) ecosystems, such as forests, rivers, and lakes;
(E) include estimates of costs of the main impacts of climate change identified under subparagraph (D)(ii);
(F) express in monetary terms the cost of climate change on each sector of the economy on a regional basis and to the United States as a whole;
(G) make predictions for the economic cost of climate change in the United States for each decade beginning in 2020 and ending in 2100; and
(H) reference the latest information available from--
(i) the U.S. Global Change Research Program; and
(ii) the Intergovernmental Panel on Climate Change.
(2) LIMITATION.--The initial report shall not take into account any possible adaptations to the effects of climate change, including the construction of levies or other infrastructure adjustments.
(c) Subsequent Reports.--In addition to including the components required under subsection (b)(1), any report submitted after the date of the initial report shall include an estimate of the savings to the United States economy achieved due to any reduced climate change impacts associated with reductions in greenhouse gas emissions since the submission of the previous report.


(As printed in the Congressional Record for the Senate on Jun 4, 2008.)