Featured Research

from universities, journals, and other organizations

Action on climate change compatible with long-term U.S. economic growth

Date:
December 14, 2009
Source:
RTI International
Summary:
Measures being proposed by the U.S. Climate Action Partnership to curb greenhouse gas emissions are unlikely to affect potential long-term economic growth in the United States, according to a study.

Measures being proposed by the U.S. Climate Action Partnership to curb greenhouse gas emissions are unlikely to affect potential long-term economic growth in the United States, according to a study by RTI International.

Related Articles


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.


Story Source:

The above story is based on materials provided by RTI International. Note: Materials may be edited for content and length.


Cite This Page:

RTI International. "Action on climate change compatible with long-term U.S. economic growth." ScienceDaily. ScienceDaily, 14 December 2009. <www.sciencedaily.com/releases/2009/12/091211203014.htm>.
RTI International. (2009, December 14). Action on climate change compatible with long-term U.S. economic growth. ScienceDaily. Retrieved October 25, 2014 from www.sciencedaily.com/releases/2009/12/091211203014.htm
RTI International. "Action on climate change compatible with long-term U.S. economic growth." ScienceDaily. www.sciencedaily.com/releases/2009/12/091211203014.htm (accessed October 25, 2014).

Share This



More Earth & Climate News

Saturday, October 25, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

EU Gets Climate Deal, UK PM Gets Knock

EU Gets Climate Deal, UK PM Gets Knock

Reuters - Business Video Online (Oct. 24, 2014) EU leaders achieve a show of unity by striking a compromise deal on carbon emissions. But David Cameron's bid to push back EU budget contributions gets a slap in the face as the European Commission demands an extra 2bn euros. David Pollard reports. Video provided by Reuters
Powered by NewsLook.com
Deep Sea 'mushroom' Could Be Early Branch on Tree of Life

Deep Sea 'mushroom' Could Be Early Branch on Tree of Life

Reuters - Innovations Video Online (Oct. 24, 2014) Miniature deep sea animals discovered off the Australian coast almost three decades ago are puzzling scientists, who say the organisms have proved impossible to categorise. Academics at the Natural History of Denmark have appealed to the world scientific community for help, saying that further information on Dendrogramma enigmatica and Dendrogramma discoides could answer key evolutionary questions. Jim Drury has more. Video provided by Reuters
Powered by NewsLook.com
Raw: Tornado Rips Roofs in Washington State

Raw: Tornado Rips Roofs in Washington State

AP (Oct. 24, 2014) A rare tornado ripped roofs off buildings, uprooted trees and shattered windows Thursday afternoon in the southwest Washington city of Longview, but there were no reports of injuries. (Oct. 24) Video provided by AP
Powered by NewsLook.com
Fast-Moving Lava Headed For Town On Hawaii's Big Island

Fast-Moving Lava Headed For Town On Hawaii's Big Island

Newsy (Oct. 24, 2014) Lava from the Kilauea volcano on Hawaii's Big Island has accelerated as it travels toward a town called Pahoa. Video provided by Newsy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:

Strange & Offbeat Stories


Plants & Animals

Earth & Climate

Fossils & Ruins

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins