February 28, 2007
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Global Climate Change Digest
A Guide to Information on Greenhouse Gases and Ozone Depletion
Published July 1988 through June 1999
FROM VOLUME 2, NUMBER 3, MARCH 1989
1990 EPA BUDGET
President Reagan's fiscal year 1990 budget for the
U.S. Environmental Protection Agency totals $4.9 billion, a nine percent
increase from 1989. One area EPA will emphasize is global warming, through
direct research funding and through increased emphasis on long-term research.
(See Global Climate Change Digest, NEWS, Feb. 1989.)
The budget also proposes an auction system for assigning rights to produce
or import chemicals to be limited under the Montreal Protocol on Substances That
Deplete the Ozone Layer, which takes effect in July. The system, intended to
eliminate windfall profits to industry as a result of CFC regulation, is similar
to that proposed by EPA last August. It differs from the present approach of
assigning rights to firms that have dealt with CFCs in the past. Estimated
income to the U.S. Treasury from the scheme is $400 million in fiscal year 1990,
and twice that the following year. CFC producers feel they should use any such
profits to develop substitutes.
For a detailed discussion of the EPA budget, see Environ. Rptr. Curr.
Devel., 1827-1831, Jan. 13, 1989; for the CFC fee system see ibid.,
1832-1833, and Air/Water Pollut. Rep., p. 37, Jan. 30.
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