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.
Jun 2014 - Using the rising amounts of renewable transportation fuels required by the Renewable Fuel Standard will be difficult. CBO looks at how those requirements and alternatives would affect fuel and food prices and greenhouse gas emissions.
Dec 2013 – A carbon tax or cap-and-trade program could make emission-intensive U.S. products less competitive and increase emissions overseas. Import tariffs related to emissions could reduce those effects but would be hard to implement.
May 2013 - A carbon tax’s effect on the economy depends on how lawmakers would use revenues generated by the tax. The tax would help reduce U.S. emissions but would have only a modest effect on the Earth’s climate without a worldwide effort.
Sep 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.
June 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.
- ReportJune 26, 2014
- ReportDecember 19, 2013
- ReportMay 22, 2013
- PresentationNovember 16, 2012
- Working PaperNovember 13, 2012
- ReportSeptember 20, 2012
- ReportJune 28, 2012
- Blog PostMay 9, 2012
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