Proposals to limit emissions of greenhouse gases include imposing taxes on greenhouse gas emissions and selling rights to businesses to produce set amounts of those emissions. Such proposals aim to minimize the change in the climate and the negative consequences of such a change, but they also would impose economic costs, primarily by raising the cost of producing goods and services, and could have significant effects on the federal budget.
Budgetary and Economic Effects of Climate Change Proposals
featured work
Effects of Federal Tax Credits for the Purchase of Electric VehiclesSep 2012 - CBO’s report assesses how the credits affect the relative cost of owning an electric vehicle, and how cost-effectively the credits reduce gasoline consumption and greenhouse gas emissions.
Federal Efforts to Reduce the Cost of Capturing and Storing Carbon DioxideJune 2012 - Capturing and storing carbon dioxide is a much-discussed option for reducing the nation’s greenhouse gas emissions while preserving its ability to produce electricity at coal-fired power plants.
Energy Security in the United StatesMay 2012 - Improving energy security—the ability of U.S. households and businesses to accommodate disruptions of supply in energy markets—requires considering policies related to the nation’s supply of and demand for oil.
latest work
Offsetting Costs of a Carbon Tax on Low-Income Households
presentationNovember 16, 2012Offsetting a Carbon Tax’s Costs on Low-Income Households: Working Paper 2012-16
working paperNovember 13, 2012Federal Efforts to Reduce the Cost of Capturing and Storing Carbon Dioxide
reportJune 28, 2012CBO Publishes Report and Infographic on Energy Security in the United States
blog postMay 9, 2012Energy Security in the United States - Infographic
imageMay 9, 2012Energy Security in the United States
reportMay 9, 2012Federal Financial Support for the Development and Production of Fuels and Energy Technologies
reportMarch 6, 2012Evaluating Limits on Participation and Transactions in Markets for Emissions Allowances
reportDecember 10, 2010
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