June 23, 2009

Carbon cap and trade costs little

I was working about the Cash for Clunkers bill (where you can exchange your old car for money voucher for a new supposedly more environment-friendly car) and it was more complicated than I thought...I need to do more research about that.

So for now let's go back to the American Clean and Energy Security (ACES) bill where a new report from the Congressional Budget Office (CBO) estimated the net overall cost per household nationwide and the net costs or benefits that would be realized by households in various income quintiles if the bill would be implemented in 2020 (based on 2010 dollar value).

CBO examines the average cost per household that would result from implementing the greenhouse gas cap-and-trade program under the bill, as well as how that cost would be spread among households with different levels of income.


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