congressional budget office (cbo)

Sequestration Threatens Future of Energy Innovation and GDP Growth

October 3, 2012 by Megan Nicholson

Congress has yet to come up with a plan for handling the threatening consequences of sequestration, or the blunt, automatic across-the-board budget cuts enacted by law by the Budget Control Act of 2011, a consequence of Congress’s failure to agree on a bipartisan deficit reduction plan.  As a result, the first installment of cuts...[read more]

How CBO Got it Wrong on Fuel Consumption and the Highway Trust Fund

May 8, 2012 by Deron Lovaas

The authors of the Congressional Budget Office (CBO) study released last week must have been sniffing gas fumes when they drastically overestimated the effects of the proposed fuel economy standards on the Highway Trust Fund. The study claims that proposed changes to the corporate average fuel economy (CAFE) standards would amount...[read more]

US Renewables Need A Fallback Plan

August 8, 2011 by Geoffrey Styles

When I described some of the energy implications of the debt limit crisis last month, the most serious ones were associated with a default by the US government in the event the debt ceiling wasn't extended. That risk has been resolved, for now. But that doesn't mean that everything looks rosy, especially for renewables. Renewable energy...[read more]

Kerry-Lieberman adds some certainty on offsets

May 13, 2010 by Joseph Romm

Overall, Kerry-Lieberman’s language on offsets shows a willingness to make hard choices on offset regulatory mechanisms for political, market, and in some cases environmental benefits….  [O]n the whole, the offsets provision provide a reliably cheaper way to GHG reduction, which will generally be legitimate environmentally…....[read more]