Climate Change: Costs and Benefits of the Cap-and-Trade Provisions of H.R. 2454

Details

• Creators:
  Parker, Larry ; Yacobucci, Brent D.
• Corporate Creators:
  Library of Congress. Congressional Research Service
• Subject/TRT Terms:
  • Climate change
  • Carbon dioxide
  • Exhaust gases
  • Benefit cost analysis
  • Regulations
  • Standards
  • Forecasting
  • Emissions trading
  • Greenhouse gases
  • Environmental impacts
  More +
• Publication/ Report Number:
  R40809
• Resource Type:
  Research Paper
• Geographical Coverage:
  United States
• Corporate Publisher:
  Library of Congress. Congressional Research Service
• Abstract:
  This report examines seven studies that project the costs of H.R. 2454 to 2030 or beyond. It is difficult (and some would consider it unwise) to project costs up to the year 2030, much less beyond. The already tenuous assumption that current regulatory standards will remain constant becomes more unrealistic as time goes forward, and other unforeseen events (such as technological breakthroughs) loom as critical issues which cannot be modeled. Hence, long-term cost projections are at best speculative, and should be viewed with attentive skepticism. The finer and more detailed the estimate presented, the greater the skepticism should be. In the words of the late Dr. Lincoln Moses, the first Administrator of the Energy Information Administration: “There are no facts about the future.”
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/39642/dot_39642_DS1.pdf
• File Type:
  [PDF - 810.27 KB]
• Collection(s):
  Transportation Resilience and Vulnerability Collection
• Main Document Checksum:
  urn:sha256:fe05548b8f3e301045215ca19f4ea32efba4693f4a71b31c414b8bf5e6fc235f