Originally published on Think Progress. By Jeff Spross A carbon tax of $25 per ton of emissions would cut the deficit by $1 trillion over a decade, according to the Congressional Budget Office (CBO). The finding was part of a report CBO just put out detailing 103 different ways — in terms of both … [continued]
The US Congressional Budget Office has completed its study of impact of carbon tax on the US economy. The CBO was given the tax to assess the impact of carbon tax on fossil fuels on the US economy and the country’s greenhouse gas emissions. In its second report on the … [continued]
Over the last year, there’s been increasing talk in Washington political circles — including conservative ones — about how to use a carbon tax as a deficit reduction tool. However, with an election season in full swing and a large number of Congressional Republicans campaigning against climate action, the current likelihood of getting a price on carbon is officially zero. […]
The recently much touted alternative “energy only” bill would not cost fossil industries, but instead would cost taxpayers $13.9 billion a year, according to this scoring by the bipartisan Congressional Budget Office – that has been gathering dust since September. This failing grade from the CBO has received no publicity … [continued]
The newest iteration of the climate bill in congress has just been scored by the non partisan congressional budget office and, as for the two previous climate bills (Waxman and Boxer), finds that Kerry-Graham-Lieberman would save money.
It’s official. The Acid Rain Cap and Trade program worked. The EPA has just released its report. Electric utilities in the US are already below the 2010 emission cap of 8.95 million tons of sulfur dioxide SOx and nitrogen oxides NOx.
In a bold move; well timed to coincide with the US Climate Summit decision at Copenhagen, this week the EPA will declare carbon dioxide a “Public Danger” – – triggering the certainty of regulation for big greenhouse gas emitters such as power stations, cement kilns, crude-oil refineries and chemical plants, according to the Wall Street Journal.
The move essentially guarantees that fossil industries feel either the very sharp stick of this EPA ruling…or they allow some of the Senators they control to cross the aisle for the first time on energy legislation and ratify what President Obama has said he is taking to Copenhagen as the US offer: a carbon cut of 17% below 2005 by 2020.
