Modest long-term economic costs projected in climate bill compared to overall growthWASHINGTON — The long-term economic costs of a climate bill being considered in Congress would be “comparatively modest” in light of expected overall economic growth over the next 40 years, according to a congressional report released Friday. Report concludes only broad action on climate will achieve required pollution cutsWASHINGTON — If global warming is to be addressed without breaking people’s pocketbooks, no single answer will do the job, a research group tied to the electric utility industry says in a new study that concludes the problem must be attacked from many directions. CBO study finds climate bill will cost average household $175 a year in 2020WASHINGTON — A nonpartisan congressional study projects only modest household cost increases as a result of a Democratic proposal to limit carbon dioxide and other greenhouse gases, contradicting claims by many Republican lawmakers that the climate legislation amounts to a huge energy tax on average Americans. |
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