Climate Change
- Working Paper
Distributional Effects of Reducing Carbon Dioxide Emissions With a Carbon Tax: Working Paper 2021-11
This paper describes CBO’s method for measuring the distributional effects of a tax on carbon emissions and the agency’s rationale for choosing that method, while also comparing it with CBO’s prior method and methods used by other researchers.
- Presentation
Technical Information About How CBO Models the Effects of Climate Change on Output in Its Long-Term Economic Projections
CBO provides technical details about its methods for projecting the effect of climate change on the growth of real gross domestic product.
- Cost Estimate
S. 1251, Growing Climate Solutions Act of 2021
As ordered reported by the Senate Committee on Agriculture, Nutrition, and Forestry on April 22, 2021
- Report
Budgetary Effects of Climate Change and of Potential Legislative Responses to It
CBO outlines the main channels by which climate change and policies intended to mitigate or adapt to it affect the federal budget. Climate change increases budget deficits; investments in mitigation or adaptation could reduce those costs.
- Report
The 2021 Long-Term Budget Outlook
CBO presents its projections of the federal budget for the next 30 years if current laws governing taxes and spending generally did not change. Growth in revenues would be outpaced by growth in spending, leading to rising deficits and debt.
- Presentation
An Overview of CBO’s Work on Climate Change
Presentation by Phillip Swagel, CBO’s Director, at the EY Corporate Carbon Forum.
- Working Paper
CBO’s Projection of the Effect of Climate Change on U.S. Economic Output: Working Paper 2020-06
This paper describes how CBO constructed its projection of the effect of climate change on U.S. output, how the projected effect should be interpreted, limitations of the analysis, and the central climate-change scenario that CBO used.
- Report
The 2020 Long-Term Budget Outlook
CBO presents its projections of what federal deficits, debt, spending, and revenues would be for the next 30 years if current laws governing taxes and spending generally did not change.
- Cost Estimate
H.R. 3541, Coastal State Climate Preparedness Act of 2019
As ordered reported by the House Committee on Natural Resources on September 25, 2019
- Cost Estimate
H.R. 3623, Climate Risk Disclosure Act of 2019
As ordered reported by the House Committee on Financial Services on July 16, 2019