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Browsing the "CBO" Tag

$20/Ton Carbon Tax Could Reduce US Deficit by $1.2 Trillion in 10 Years

September 30th, 2012 | by Stephen Lacey

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.

Cap & Trade Cut Emissions 50% in 20 years

December 12th, 2009 | by Susan Kraemer

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

EPA Wields Timely Stick: Ruling CO2 a Public Danger Before Copenhagen Climate Decision

December 6th, 2009 | by Susan Kraemer

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

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