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
RTI News Media Contacts | Newswise Science News
Study relating to materials testing Detecting damages in non-magnetic steel through magnetism
23.07.2018 | Technische Universität Kaiserslautern
Innovative genetic tests for children with developmental disorders and epilepsy
11.07.2018 | Christian-Albrechts-Universität zu Kiel
Scientists develop first tool to use machine learning methods to compute flow around interactively designable 3D objects. Tool will be presented at this year’s prestigious SIGGRAPH conference.
When engineers or designers want to test the aerodynamic properties of the newly designed shape of a car, airplane, or other object, they would normally model...
Researchers from TU Graz and their industry partners have unveiled a world first: the prototype of a robot-controlled, high-speed combined charging system (CCS) for electric vehicles that enables series charging of cars in various parking positions.
Global demand for electric vehicles is forecast to rise sharply: by 2025, the number of new vehicle registrations is expected to reach 25 million per year....
Proteins must be folded correctly to fulfill their molecular functions in cells. Molecular assistants called chaperones help proteins exploit their inbuilt folding potential and reach the correct three-dimensional structure. Researchers at the Max Planck Institute of Biochemistry (MPIB) have demonstrated that actin, the most abundant protein in higher developed cells, does not have the inbuilt potential to fold and instead requires special assistance to fold into its active state. The chaperone TRiC uses a previously undescribed mechanism to perform actin folding. The study was recently published in the journal Cell.
Actin is the most abundant protein in highly developed cells and has diverse functions in processes like cell stabilization, cell division and muscle...
Scientists have discovered that the electrical resistance of a copper-oxide compound depends on the magnetic field in a very unusual way -- a finding that could help direct the search for materials that can perfectly conduct electricity at room temperatur
What happens when really powerful magnets--capable of producing magnetic fields nearly two million times stronger than Earth's--are applied to materials that...
The quality of materials often depends on the manufacturing process. In casting and welding, for example, the rate at which melts solidify and the resulting microstructure of the alloy is important. With metallic foams as well, it depends on exactly how the foaming process takes place. To understand these processes fully requires fast sensing capability. The fastest 3D tomographic images to date have now been achieved at the BESSY II X-ray source operated by the Helmholtz-Zentrum Berlin.
Dr. Francisco Garcia-Moreno and his team have designed a turntable that rotates ultra-stably about its axis at a constant rotational speed. This really depends...
08.08.2018 | Event News
27.07.2018 | Event News
25.07.2018 | Event News
14.08.2018 | Information Technology
14.08.2018 | Life Sciences
14.08.2018 | Life Sciences