How CBO Estimates the Costs of Reducing Greenhouse-Gas Emissions

How CBO Estimates the Costs of Reducing Greenhouse-Gas Emissions

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As part of its mandate to provide the Congress with the objective, timely, and nonpartisan analysis needed to make informed economic and budgetary decisions, the Congressional Budget Office (CBO) prepares cost estimates for legislation under consideration by the Congress. In recent years, a number of legislative proposals have involved efforts to restrict emissions of greenhouse gases in the U.S. To estimate the budgetary impact of such proposals, CBO must first estimate the incremental costs to firms and households of mitigating greenhouse gases. This report briefly describes the methodology that CBO uses to estimate those incremental costs, the data sources and models used to develop that methodology, and the rationale for using it.... gases amounted to nearly 7.1 billion metric tons of carbon dioxide equivalent ( MT CO2 e)a€”about 85 percent in the form of carbon ... Those emissions were partially offset by the net absorption of roughly 900 million metric tons of CO2 by the nationa#39;s forests and soils. 2. ... Gas Emissions and Sinks: 1990a€“2006 (April 15 , 2008), available change/emissions/downloads/08_CR. pdf.

Title:How CBO Estimates the Costs of Reducing Greenhouse-Gas Emissions
Author: Robert Shackleton
Publisher:DIANE Publishing - 2010-01

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