executive summary

Table ES3. Energy Market Assumptions for the Macroeconomic Analysis of
Three Carbon Reduction Cases, Average Annual Values, 2008 through 2012

Analysis Case	Binding Carbon Emissions Reduction Target (Million Metric Tons)	Average U.S. Carbon Emissions Reductions (Million Metric Tons)	U.S. Purchases of International Permits (Million Metric Tons)	Carbon Price		Value of Purchased International Permits (Billion 1992 Dollars)
Analysis Case				1996 Dollars per Metric Ton	1992 Dollars per Metric Ton
1990-3%	485	485	0	290	263	0
1990+9%	485	325	160	159	144	23
1990+24%	485	122	363	65	59	21
Source: Office of Integrated Analysis and Forecasting, National Energy Modeling System.