Notes

1 Energy Information Administration, Energy Market and Economic Impacts of S. 280, the Climate Stewardship and Innovation Act of 2007, SR/OIAF/2007-04 (Washington, DC, July 2007), web site
www.eia.doe.gov/oiaf/servicerpt/csia/pdf/sroiaf(2007)04.pdf.

2 See http://www.eia.doe.gov/oiaf/service_rpts.htm.

3 The reference case referred to throughout this report is from EIA’s recent analysis of S. 280, the Climate Stewardship and Innovation Act of 2007.  It is based on the reference case from EIA’s Annual Energy Outlook 2007 (AEO2007), with minor modeling changes to accommodate the policies of S. 280.

4 This point is made in the Executive Summaries of the recent S. 280 and “25 by 25” Service Reports, for example, SR/OIAF/2007-04, page xiii, and SR/OIAF/2007-05, page ix, as well as in the body of those reports.

5 These two points are also made in the Executive Summary of the recent S. 280 report. See SR/OIAF/2007-04, page xiii.

6 Natural gas prices to generators include the costs of greenhouse gas allowances because they are a covered sector.

7 The 16.4-percent abatement commitment for Group 1 countries shown in Table 2 is the weighted average of a 20-percent commitment for the European Union (EU) and lesser commitments for non-EU countries in Group 1.

8 See http://www.eia.doe.gov/oiaf/analysispaper/retrospective/index.html.

9 EIA also issues a monthly Short-Term Energy Outlook (STEO) that provides energy projections over a 1.5-to-2-year horizon. The STEO, unlike the AEO reference case, is intended as a forecast, and EIA advises all users interested in near-term energy market developments to use the STEO forecast rather than the AEO projections.