The study, which assessed the impacts of the partnership's legislative plan, found that measures being proposed would cost the average American household $57, $89, and $269 in 2015, 2020, and 2030, respectively. Over the same time period, household consumption, a measure of household purchasing power, is expected to rise by around 70 percent, while emissions are being reduced.
RTI economist Martin Ross said the analysis shows that adopting such climate legislation would only cause slight changes in the nation's Gross Domestic Product.
"This analysis, similar with others, indicates that moderate action to address greenhouse gas emissions can be implemented without appreciable negative effects on our nation's economic growth," said Ross, the study's primary investigator from RTI.
The study did find that use of emissions offsets is an essential ingredient in containing costs. Ross said delays or strict limits on a domestic and international offsets program will very likely increase total costs to the economy.
To conduct the study, RTI economists used their ADAGE economic simulation model to assess the long-term economic impacts of the proposed measures. The model, which covers all aspects of the economy, energy consumption and production and GHG emissions, has also been used extensively by the U.S. Environmental Protection Agency to evaluate the effects of proposed Congressional legislation.
The USCAP study's findings are significant and timely. Negotiators are currently in Copenhagen, Denmark, working on a new international agreement regarding climate change. In addition, earlier this week, the U.S. EPA announced plans to regulate greenhouse gases under the Clean Air Act.
The USCAP partnership comprises a coalition of major businesses along with leading climate and environmental groups that is calling on federal government officials to enact climate legislation.About RTI International
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Plants and algae use the enzyme Rubisco to fix carbon dioxide, removing it from the atmosphere and converting it into biomass. Algae have figured out a way to increase the efficiency of carbon fixation. They gather most of their Rubisco into a ball-shaped microcompartment called the pyrenoid, which they flood with a high local concentration of carbon dioxide. A team of scientists at Princeton University, the Carnegie Institution for Science, Stanford University and the Max Plank Institute of Biochemistry have unravelled the mysteries of how the pyrenoid is assembled. These insights can help to engineer crops that remove more carbon dioxide from the atmosphere while producing more food.
A warming planet
Our brains house extremely complex neuronal circuits, whose detailed structures are still largely unknown. This is especially true for the so-called cerebral cortex of mammals, where among other things vision, thoughts or spatial orientation are being computed. Here the rules by which nerve cells are connected to each other are only partly understood. A team of scientists around Moritz Helmstaedter at the Frankfiurt Max Planck Institute for Brain Research and Helene Schmidt (Humboldt University in Berlin) have now discovered a surprisingly precise nerve cell connectivity pattern in the part of the cerebral cortex that is responsible for orienting the individual animal or human in space.
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Whispering gallery mode (WGM) resonators are used to make tiny micro-lasers, sensors, switches, routers and other devices. These tiny structures rely on a...
Using ultrafast flashes of laser and x-ray radiation, scientists at the Max Planck Institute of Quantum Optics (Garching, Germany) took snapshots of the briefest electron motion inside a solid material to date. The electron motion lasted only 750 billionths of the billionth of a second before it fainted, setting a new record of human capability to capture ultrafast processes inside solids!
When x-rays shine onto solid materials or large molecules, an electron is pushed away from its original place near the nucleus of the atom, leaving a hole...
For the first time, physicists have successfully imaged spiral magnetic ordering in a multiferroic material. These materials are considered highly promising candidates for future data storage media. The researchers were able to prove their findings using unique quantum sensors that were developed at Basel University and that can analyze electromagnetic fields on the nanometer scale. The results – obtained by scientists from the University of Basel’s Department of Physics, the Swiss Nanoscience Institute, the University of Montpellier and several laboratories from University Paris-Saclay – were recently published in the journal Nature.
Multiferroics are materials that simultaneously react to electric and magnetic fields. These two properties are rarely found together, and their combined...
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