How CBO Estimates the Costs of Reducing Greenhouse-Gas Emissions

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Publisher : DIANE Publishing
ISBN 13 : 1437922511
Total Pages : 32 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis How CBO Estimates the Costs of Reducing Greenhouse-Gas Emissions by : Robert Shackleton

Download or read book How CBO Estimates the Costs of Reducing Greenhouse-Gas Emissions written by Robert Shackleton and published by DIANE Publishing. This book was released on 2010 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: As part of its mandate to provide the Congress with the objective, timely, and nonpartisan analysis needed to make informed economic and budgetary decisions, the Congressional Budget Office (CBO) prepares cost estimates for legislation under consideration by the Congress. In recent years, a number of legislative proposals have involved efforts to restrict emissions of greenhouse gases in the U.S. To estimate the budgetary impact of such proposals, CBO must first estimate the incremental costs to firms and households of mitigating greenhouse gases. This report briefly describes the methodology that CBO uses to estimate those incremental costs, the data sources and models used to develop that methodology, and the rationale for using it.

How CBO Estimates the Costs of Reducing Greenhouse-gas Emissions

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Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis How CBO Estimates the Costs of Reducing Greenhouse-gas Emissions by :

Download or read book How CBO Estimates the Costs of Reducing Greenhouse-gas Emissions written by and published by . This book was released on 2009 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Costs of Reducing Greenhouse-Gas Emissions

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Publisher : DIANE Publishing
ISBN 13 : 1437926215
Total Pages : 12 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Costs of Reducing Greenhouse-Gas Emissions by : Robert Shackleton

Download or read book Costs of Reducing Greenhouse-Gas Emissions written by Robert Shackleton and published by DIANE Publishing. This book was released on 2010-10 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Human activities around the world are producing increasingly large quantities of greenhouse gases, particularly carbon dioxide (CO2) resulting from the consumption of fossil fuels and deforestation. A comprehensive response to that problem would include a collection of strategies: research to better understand the scientific processes at work and to develop technologies to address them; measures to help the economy and society adapt to the projected warming and other expected changes; and efforts to reduce emissions. This report discusses the economic costs of reducing greenhouse-gas emissions in the U.S., describing the main determinants of costs, how analysts estimate those costs, and the magnitude of estimated costs. Illustrations.

Economic Effects of Legislation to Reduce Greenhouse-Gas Emissions

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Publisher : DIANE Publishing
ISBN 13 : 1437922627
Total Pages : 32 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Economic Effects of Legislation to Reduce Greenhouse-Gas Emissions by : Barry Leonard

Download or read book Economic Effects of Legislation to Reduce Greenhouse-Gas Emissions written by Barry Leonard and published by DIANE Publishing. This book was released on 2010-11 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report discusses one option for reducing emissions in a cost-effective manner: to establish a carefully designed cap-and-trade program. Under such a program, the government would set gradually tightening limits on emissions, issue rights (or allowances) consistent with those limits, and then let firms trade the allowances among themselves. Such a cap-and-trade program would lead to higher prices for energy from fossil fuels and for energy-intensive goods, which would in turn provide incentives for households and businesses to use less carbon-based energy and to develop energy sources that emit smaller amounts of CO2. Charts and tables.

Use of Agricultural Offsets to Reduce Greenhouse Gases

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Publisher : DIANE Publishing
ISBN 13 : 1437926495
Total Pages : 18 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Use of Agricultural Offsets to Reduce Greenhouse Gases by : Joseph Kile

Download or read book Use of Agricultural Offsets to Reduce Greenhouse Gases written by Joseph Kile and published by DIANE Publishing. This book was released on 2010-11 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the use of agricultural offsets as part of a cap-and-trade program for reducing greenhouse gases. H.R. 2454 would set an annual limit, or cap, on greenhouse-gas emissions for each year between 2012 and 2050 and would distribute ¿allowances,¿ or rights to produce those emissions. After the allowances were distributed, regulated entities -- those that generate elec. or refine petroleum products, for ex. -- would be free to trade them, so entities that could reduce their emissions at lower costs would sell allowances to others facing higher costs. The difficulty of verifying offsets raises concerns about whether the overall limit would actually be met. Such concerns are acute when offsets include actions taken outside the U.S. Illus.

Policy Options for Reducing CO2 Emissions

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Policy Options for Reducing CO2 Emissions by : Terry Dinan

Download or read book Policy Options for Reducing CO2 Emissions written by Terry Dinan and published by . This book was released on 2008 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Distribution of Revenues from a Cap-and-Trade Program for CO2 Emissions

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Publisher : DIANE Publishing
ISBN 13 : 1437922481
Total Pages : 28 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Distribution of Revenues from a Cap-and-Trade Program for CO2 Emissions by : Douglas W. Elmendorf

Download or read book Distribution of Revenues from a Cap-and-Trade Program for CO2 Emissions written by Douglas W. Elmendorf and published by DIANE Publishing. This book was released on 2010-10 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Testimony on the distribution of revenues that could be generated by a cap-and-trade program for reducing U.S. emissions of carbon dioxide. The potential cost of reducing the effect of climate change may be significant because it would entail substantial reductions in global emissions over the coming decades. One option for reducing emissions in a cost-effective manner is to establish a carefully designed cap-and-trade program. Under such a program, the government would set gradually tightening limits on emissions, issue rights (or allowances) consistent with those limits, and then let firms trade the allowances among themselves. Charts and tables.

A CBO STUDY: The Economic Costs of Fuel Economy Standards Versus a Gasoline Tax

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Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (742 download)

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Book Synopsis A CBO STUDY: The Economic Costs of Fuel Economy Standards Versus a Gasoline Tax by :

Download or read book A CBO STUDY: The Economic Costs of Fuel Economy Standards Versus a Gasoline Tax written by and published by . This book was released on 2003 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some Members of Congress and public interest groups have recently proposed raising the corporate average fuel economy (CAFE) standards for automobiles. Proponents of CAFE standards see them as a way to decrease the United States' dependence on oil and its emissions of carbon dioxide (the predominant greenhouse gas). In this study, the Congressional Budget Office (CBO) estimates the costs that raising CAFE standards would impose on automobile producers and consumers. This study also extends previous research by examining the potential cost savings from instituting a system in which producers could trade "fuel economy credits." Under that system, producers with high costs of complying with CAFE standards could meet the new standards by applying credits bought from producers that exceeded the standards. CBO also compares the costs of CAFE standards with those of a higher gasoline tax, an alternative policy for reducing gasoline consumption. Finally, CBO examines the available evidence on whether changing CAFE standards or the gasoline tax could improve social welfare, a general measure of society's well-being that includes not only the value derived from the goods and services that people consume but also factors that diminish the quality of life, such as pollution and traffic congestion.

Sense of the Congress Regarding Management of Forests to Reduce Greenhouse Gases

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Publisher :
ISBN 13 :
Total Pages : 8 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Sense of the Congress Regarding Management of Forests to Reduce Greenhouse Gases by : United States. Congress. House. Committee on Resources

Download or read book Sense of the Congress Regarding Management of Forests to Reduce Greenhouse Gases written by United States. Congress. House. Committee on Resources and published by . This book was released on 1997 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Carbon Tax

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781480151727
Total Pages : 40 pages
Book Rating : 4.1/5 (517 download)

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Book Synopsis Carbon Tax by : Jonathan L. Ramseur

Download or read book Carbon Tax written by Jonathan L. Ramseur and published by Createspace Independent Publishing Platform. This book was released on 2012-10-20 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The federal budget deficit has exceeded $1 trillion annually in each fiscal year since 2009, and deficits are projected to continue. Over time, unsustainable deficits can lead to reduced savings for investment, higher interest rates, and higher levels of inflation. Restoring fiscal balance would require spending reductions, revenue increases, or some combination of the two. Policymakers have considered a number of options for raising additional federal revenues, including a carbon tax. A carbon tax could apply directly to carbon dioxide (CO2) and other greenhouse gas (GHG) emissions, or to the inputs (e.g., fossil fuels) that lead to the emissions. Unlike a tax on the energy content of each fuel (e.g., Btu tax), a carbon tax would vary with a fuel's carbon content, as there is a direct correlation between a fuel's carbon content and its CO2 emissions. Carbon taxes have been proposed for many years by economists and some Members of Congress, including in the 112th Congress. If Congress were to establish a carbon tax, policymakers would face several implementation decisions, including the point and rate of taxation. Although the point of taxation does not necessarily reveal who bears the cost of the tax, this decision involves trade-offs, such as comprehensiveness versus administrative complexity. Several economic approaches could inform the debate over the tax rate. Congress could set a tax rate designed to accrue a specific amount of revenues. Some would recommend setting the tax rate based on estimated benefits associated with avoiding climate change impacts. Alternatively, Congress could set a tax rate based on the carbon prices estimated to meet a specific GHG emissions target. Carbon tax revenues would vary greatly depending on the design features of the tax, as well as market factors that are difficult to predict. One study estimated that a tax rate of $20 per metric ton of CO2 would generate approximately $88 billion in 2012, rising to $144 billion by 2020. The impact such an amount would have on budget deficits depends on which budget deficit projection is used. For example, this estimated revenue source would reduce the 10-year budget deficit by 50%, using the 2012 baseline projection of the Congressional Budget Office (CBO). However, under CBO's alternative fiscal scenario, the same carbon tax would reduce the 10-year budget deficit by about 12%. When deciding how to allocate revenues, policymakers would encounter key trade-offs: minimizing the costs of the carbon tax to “society” overall versus alleviating the costs borne by subgroups in the U.S. population or specific domestic industries. Economic studies indicate that using carbon tax revenues to offset reductions in existing taxes—labor, income, and investment—could yield the greatest benefit to the economy overall. However, the approaches that yield the largest overall benefit often impose disproportionate costs on lower-income households. In addition, carbon-intensive, trade-exposed industries may face a disproportionate impact within a unilateral carbon tax system. Policymakers could alleviate this burden through carbon tax revenue distribution or through a border adjustment mechanism. Both approaches may entail trade concerns.

The Economics of Climate Change

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Author :
Publisher : Congressional Budget Office
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Economics of Climate Change by : Robert Shackleton

Download or read book The Economics of Climate Change written by Robert Shackleton and published by Congressional Budget Office. This book was released on 2003 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Congressional Budget Office (CBO) study--prepared at the request of the Ranking Member of the House Committee on Science--presents an overview of issues related to climate change, focusing primarily on its economic aspects. The study draws from numerous published sources to summarize the current state of climate science and provide a conceptual framework for addressing climate change as an economic problem. It also examines public policy options and discusses the potential complications and benefits of international coordination. In keeping with CBO's mandate to provide impartial analysis, the study makes no recommendations.

The Economic Costs of Reducing Emissions of Greenhouse Gases

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Publisher :
ISBN 13 :
Total Pages : 92 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Economic Costs of Reducing Emissions of Greenhouse Gases by : Mark J. Lasky

Download or read book The Economic Costs of Reducing Emissions of Greenhouse Gases written by Mark J. Lasky and published by . This book was released on 2003 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Evaluating the Role of Prices and R & D in Reducing Carbon Dioxide Emissions

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Publisher :
ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (234 download)

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Book Synopsis Evaluating the Role of Prices and R & D in Reducing Carbon Dioxide Emissions by :

Download or read book Evaluating the Role of Prices and R & D in Reducing Carbon Dioxide Emissions written by and published by . This book was released on 2006 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Reducing Gasoline Consumption

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Publisher : Nova Biomedical Books
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis Reducing Gasoline Consumption by : Terry Dinan

Download or read book Reducing Gasoline Consumption written by Terry Dinan and published by Nova Biomedical Books. This book was released on 2003 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several Members of Congress and public interest groups have recently proposed policies that would reduce gasoline consumption in the United States. Such proposals stem primarily from a desire to enhance the nation's energy security and to decrease its emissions of carbon dioxide, a key greenhouse gas that affects the Earth's climate. This book compares three methods of reducing gasoline consumption: increasing the corporate average fuel economy (CAFE) standards that govern passenger vehicles, raising the federal tax on gasoline, and setting a limit on carbon emissions from gasoline combustion and requiring gasoline producers to hold allowances for those emissions (a policy known as a cap-and-trade program). Also, the book weighs the relative merits of those policies against several major criteria: whether they would minimise costs to producers and consumers; how reliably they would achieve a given reduction in gasoline use; their implications for automobile safety; and their effects on such factors as traffic congestion, requirements for highway construction, and emissions of air pollutants other than carbon dioxide. In addition, the book examines two more policy implications that lawmakers may be concerned about: the impact on people at different income levels and in different regions, and the effects on federal revenue.

Valuing Climate Damages

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Publisher : National Academies Press
ISBN 13 : 0309454204
Total Pages : 281 pages
Book Rating : 4.3/5 (94 download)

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Book Synopsis Valuing Climate Damages by : National Academies of Sciences, Engineering, and Medicine

Download or read book Valuing Climate Damages written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-06-23 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: The social cost of carbon (SC-CO2) is an economic metric intended to provide a comprehensive estimate of the net damages - that is, the monetized value of the net impacts, both negative and positive - from the global climate change that results from a small (1-metric ton) increase in carbon-dioxide (CO2) emissions. Under Executive Orders regarding regulatory impact analysis and as required by a court ruling, the U.S. government has since 2008 used estimates of the SC-CO2 in federal rulemakings to value the costs and benefits associated with changes in CO2 emissions. In 2010, the Interagency Working Group on the Social Cost of Greenhouse Gases (IWG) developed a methodology for estimating the SC-CO2 across a range of assumptions about future socioeconomic and physical earth systems. Valuing Climate Changes examines potential approaches, along with their relative merits and challenges, for a comprehensive update to the current methodology. This publication also recommends near- and longer-term research priorities to ensure that the SC- CO2 estimates reflect the best available science.

Implementing a US Carbon Tax

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Publisher : Routledge
ISBN 13 : 1317602080
Total Pages : 307 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis Implementing a US Carbon Tax by : Ian Parry

Download or read book Implementing a US Carbon Tax written by Ian Parry and published by Routledge. This book was released on 2015-02-11 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the future extent and effects of global climate change remain uncertain, the expected damages are not zero, and risks of serious environmental and macroeconomic consequences rise with increasing atmospheric greenhouse gas concentrations. Despite the uncertainties, reducing emissions now makes sense, and a carbon tax is the simplest, most effective, and least costly way to do this. At the same time, a carbon tax would provide substantial new revenues which may be badly needed, given historically high debt-to-GDP levels, pressures on social security and medical budgets, and calls to reform taxes on personal and corporate income. This book is about the practicalities of introducing a carbon tax, set against the broader fiscal context. It consists of thirteen chapters, written by leading experts, covering the full range of issues policymakers would need to understand, such as the revenue potential of a carbon tax, how the tax can be administered, the advantages of carbon taxes over other mitigation instruments and the environmental and macroeconomic impacts of the tax. A carbon tax can work in the United States. This volume shows how, by laying out sound design principles, opportunities for broader policy reforms, and feasible solutions to specific implementation challenges.

Effects of U.S. Tax Policy on Greenhouse Gas Emissions

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Publisher : National Academies Press
ISBN 13 : 0309282721
Total Pages : 199 pages
Book Rating : 4.3/5 (92 download)

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Book Synopsis Effects of U.S. Tax Policy on Greenhouse Gas Emissions by : National Research Council

Download or read book Effects of U.S. Tax Policy on Greenhouse Gas Emissions written by National Research Council and published by National Academies Press. This book was released on 2013-06-20 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Congress charged the National Academies with conducting a review of the Internal Revenue Code to identify the types of and specific tax provisions that have the largest effects on carbon and other greenhouse gas emissions and to estimate the magnitude of those effects. To address such a broad charge, the National Academies appointed a committee composed of experts in tax policy, energy and environmental modeling, economics, environmental law, climate science, and related areas. For scientific background to produce Effects of U.S. Tax Policy on Greenhouse Gas Emissions, the committee relied on the earlier findings and studies by the National Academies, the U.S. government, and other research organizations. The committee has relied on earlier reports and studies to set the boundaries of the economic, environmental, and regulatory assumptions for the present study. The major economic and environmental assumptions are those developed by the U.S. Energy Information Administration (EIA) in its annual reports and modeling. Additionally, the committee has relied upon publicly available data provided by the U.S. Environmental Protection Agency, which inventories greenhouse gas (GHG) emissions from different sources in the United States. The tax system affects emissions primarily through changes in the prices of inputs and outputs or goods and services. Most of the tax provisions considered in this report relate directly to the production or consumption of different energy sources. However, there is a substantial set of tax expenditures called "broad-based" that favor certain categories of consumption-among them, employer-provided health care, owner-occupied housing, and purchase of new plants and equipment. Effects of U.S. Tax Policy on Greenhouse Gas Emissions examines both tax expenditures and excise taxes that could have a significant impact on GHG emissions.