How CBO Estimates the Costs of Reducing Greenhouse-Gas Emissions

Download or read book How CBO Estimates the Costs of Reducing Greenhouse-Gas Emissions written by Robert Shackleton and published by DIANE Publishing. This book was released on 2010 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.