EPA RELEASES ANALYSIS OF HOUSE AND SENATE CLIMATE BILLS

News Date: 10/27/2009

Along with introduction of the Clean Energy Jobs and American Power Act, the Environmental Protection Agency (EPA) released an economic analysis looking at the differences between the House and Senate climate bills.  Altogether, there are few major differences between the bills.  According to the EPA analysis, there are four vital facets that both bills contain:

  • The cap-and-trade policies outlined in these bills would transform the way the United States produces and uses energy;
  • The average loss in consumption per household will be relatively low, on the order of hundreds of dollars per year in the main policy case;
  • The impacts of climate policy are likely to vary comparatively little across geographic regions;
  • Assumptions about the actions of other countries have much greater implications for the overall impact of the policy than the modeled differences between the two bills.

 

Key Provisions in the Clean Energy Jobs and American Power Act   (S.1733)

 

(Contact: David Hickey)

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