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Estimated Costs of Cap-and-Trade | CBO

by P&P

Dear Congressman:

At the request of your staff, the Congressional Budget Office (CBO) has analyzed the potential effects on households of the cap-and-trade program that would be implemented pursuant to H.R. 2454, the American Clean Energy and Security Act of 2009, as reported by the House Committee on Energy and Commerce on May 21. ...

On that basis, the Congressional Budget Office (CBO) estimates that the net annual economywide cost of the cap-and-trade program in 2020 would be $22 billion—or about $175 per household.

CBO pdf link below. See also Climate Progress: "Waxman-Markey cuts U.S. GHGs sharply but costs only a postage stamp a day — without counting the efficiency savings"

Tags: climate

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