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- Blog Post
Congress recently considered creating a nationwide cap-and-trade program that would limit emissions of greenhouse gases below the levels projected under current law and would allow trading of rights, or allowances, to produce those emissions. The ability to buy and sell allowances would reduce the cost to the economy of meeting the cap by letting market forces determine where, how, and when the associated cuts in emissions would be made.
- Report
Evaluating Limits on Participation and Transactions in Markets for Emissions Allowances
- Report
In fiscal year 2007 total public spending for transportation and water infrastructure was $356 billion, or 2.4 percent of the nation’s economic output as measured by its gross domestic product.
- Blog Post
The nations transportation and water infrastructureits highways, airports, water supply systems, wastewater treatment plants, and other facilitiesplays a vital role in the economy. Private commercial activities and the daily lives of individuals depend on that physical infrastructure, which is provided by all levels of government in the United States.
- Report
CBO examined the effects on allowance prices and greenhouse gas emissions of three mechanisms that would help prevent allowance prices from reaching unexpected highs and lows.
- Report
Testimony before the House Committee on the Budget
- Report
Using Biofuel Tax Credits to Achieve Energy and Environmental Policy Goals
- Blog Post
The federal government supports the use of biofuels—transportation fuel produced usually from renewable plant matter, such as corn—in the pursuit of national energy, environmental, and agricultural policy goals. Tax credits encourage the production and sale of biofuels in the United States, while federal mandates specify minimum amounts and types of biofuel usage each year through 2022. Tax credits effectively lower the private costs of producing biofuels relative to the costs of producing their substitutes, gasoline and diesel fuel.
- Report
Letter to the Honorable John F. Kerry
- Report
CBO analyzed research on the effects that policies to reduce green house gases would have on employment and concluded that total employment during the next few decades would be lower than would be the case in the absence of such policies.