This report responds to a February 5, 2007 request from Senators Joseph Lieberman and John McCain asking EIA to estimate of the economic impacts of S.280, the Climate Stewardship and Innovation Act of 2007. S. 280 would establish a series of caps on greenhouse gas emissions starting in 2012 followed by increasingly stringent caps beginning in 2020, 2030 and 2050. The report provides estimates of the effects of S. 280 on energy markets and the economy through 2030."
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(complete Report)  |
| Highlights |
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| Background |
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| Analysis |
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| Generation and Fuel Use |
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| Generating Capacity and Emissions Control Retrofit Decisions |
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| Capacity Additions |
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| Emissions Control Equipment |
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| Uncertainty and Limitations |
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| Emissions and Allowance Prices |
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| Sulfur Dioxide |
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| Nitrogen Oxides |
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| Mercury |
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| Carbon Dioxide |
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| Regional Emissions |
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| Electricity Prices and Costs |
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| Macroeconomic Impacts |
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| Comparison to EPA Clear Skies Analysis |
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| Clear Skies Act and Carper Bill Under High Gas Prices |
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| Generation, Fuel Use, and Capability |
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| Electricity Prices and Resource Costs |
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| Additional Context for this Report |
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| Modeling Considerations |
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| Uncertainties |
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| Scope of this Report |
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| Contacts |
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| Appendix A: Requesting Letter |
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| Appendix B Tables: Reference, Clear Skies 2P, Clear Skies 3P with Safety |
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| Appendix C Tables: Reference, Clear Skies 2P, Clear Skies 3P no Safety |
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| Appendix D Tables: Reference, Carper 2P, Carper 3P |
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| Appendix E Tables: Reference, Carper 4P with High Offsets, Carper 4P mid Offsets, Carper 4P no Offsets |
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