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Cost Estimate for S. 1733

December 17, 2009 by John Whitehead
with 98 views
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Yesterday CBO released a cost estimate for S. 1733, the Clean Energy Jobs and American Power Act .... This legislation would make a number of changes in energy and environmental policies largely aimed at reducing emissions of gases that contribute to global warming. The bill would limit or cap the quantity of certain greenhouse gases (... [read more]

My Plan for Dealing with Climate Change

October 28, 2009 by Senator Lamar Alexander
with 241 views
1

This post is based on my opening remarks at the beginning of the hearings on the Boxer-Kerry Bill in the Committee on the Environment and Public Works on Tuesday, Oct. 27. I have no problem with the problem; my problem is with the proposed solution. The National Academies of Sciences of eleven industrialized countries, including the... [read more]

Valuing demand destruction … critical to understanding value of clean energy action

October 28, 2009 by A Siegel
with 185 views
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There are many things being lost in the discussion of the cost-benefit equation when it comes to mitigating global warming. When doing cost-benefit analyses, organizations like the Congressional Budget Office (CBO) and Environmental Protection Agency (EPA) are constrained to consider just one quadrant of what could be considered (in... [read more]

Bob Murphy, Rob Bradley and the Austrian Road Not Taken on Climate by two fossil-fuels gunslingers

October 27, 2009 by TokyoTom
with 105 views
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Bob Murphy has a new post up at his blog, "CBO Testimony Misleads on Cost of Cap-and-Trade", that draws attention to a new blog post at the Institute of Energy Research that Bob says he "had a lot to do with". The IER post rightly criticizes some of the numbers that the Congressional Budget Office has released, but the IER is... [read more]

CBO estimates the cost of ACES (again)

September 17, 2009 by John Whitehead
with 66 views
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From the Director's Blog:CBO concludes that the cap-and-trade provisions of H.R. 2454, the American Clean Energy and Security Act of 2009, would reduce GDP below what it would otherwise have been—by roughly ¼ to ¾ percent in 2020 and by between 1 and 3½ percent in 2050. By way of comparison, CBO projects that real (that... [read more]

Looks like no Senate vote on climate and clean energy bill until at least November — thank goodness!

July 28, 2009 by Joseph Romm
with 86 views
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As I have said many times “Obama can get a better climate bill in 2010“ — although that is true only if he and Congress have a coherent strategy to do just that (which at this point, they don’t, see below). Since the CBO has made clear that health care reform is tougher than climate action (also see here) and since conservatives see... [read more]

CBO IS ALL-KNOWING

June 22, 2009 by RyanAvent
with 71 views
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Jim Manzi, on the persistent overestimation of the costs of regulation: Presumably the same awareness of the track record of asserted prior under-estimation of environmental costs was available to both the EPA and CBO as they prepared their cost estimates. Unless we wish to assert that they are biased or simply irrational, why would we... [read more]

In Response to Congresswoman Virginia Foxx on Cap-and-Trade

June 22, 2009 by John Whitehead
with 206 views
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Last week ago today I received an email via my Congresswoman Virginia Foxx’s email distribution list. The subject was “Solving our energy crisis without destroying North Carolina jobs.” The point of the piece is to argue against the cap-and-trade regulatory scheme of the energy bill currently being debated in Congress. I find the... [read more]

Food vs. Fuel and Ethanol Bankruptcies

June 17, 2009 by Geoffrey Styles
with 93 views
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A couple of weeks ago an editorial in the Wall St. Journal called attention to a study by the Congressional Budget Office entitled, "The Impact of Ethanol Use on Food Prices and Greenhouse Gas Emissions." I finally found time to read the report and was surprised that, in addition to its main topic, it provides a useful analysis of the... [read more]

CBO: Waxman-Markey to Reduce Cumulative Emissions Just 0.5% Between 2012-2020

June 15, 2009 by Jesse Jenkins
with 128 views
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By Michael Shellenberger and Jesse Jenkins. Originally posted at the Breakthrough Institute[Updated with correction, 6/18/09: Thanks to John Larson at WRI for alerting us to an error in our data. Our data is now corrected and impacted figures and conclusions have been bolded in the text below so readers can see what has changed. An... [read more]

I choose With Illustrative Policy

May 5, 2009 by John Whitehead
with 59 views
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From the CBO Director's Blog:Today CBO released a paper presenting an overview of the current understanding of the impacts of climate change in the United States. CBO cannot independently evaluate the relevant scientific research, so our paper draws from numerous published sources to summarize the current state of climate science and... [read more]

CBO says the mandated use of ethanol will likely increase GHGs in the long run

April 9, 2009 by John Whitehead
with 93 views
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From the Director's Blog:Over the past several years, spurred by both rising gasoline prices and long-standing subsidies for producing ethanol, the use of ethanol as a motor fuel in the United States has grown at an annual average rate of nearly 25 percent.  U.S. consumption of ethanol last year exceeded 9 billion gallons–a... [read more]

Congestion Pricing and Infrastructure Investment

May 9, 2008 by RyanAvent
with 77 views
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CBO Director Peter Orszag is testifying in Congress today on the country’s infrastructure needs. They are dire, in some cases. He notes: Although capital spending on transportation infrastructure already exceeds $100 billion annually, studies from the Federal Highway Administration, the Federal Aviation Administration, and elsewhere... [read more]