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.

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 July 31, 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 July 31, 2014).

Share This




More Earth & Climate News

Thursday, July 31, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Big Waves In Arctic Ocean Threaten Polar Ice

Big Waves In Arctic Ocean Threaten Polar Ice

Newsy (July 30, 2014) Big waves in parts of the Arctic Ocean are unprecedented, mainly because they used to be covered in ice. Video provided by Newsy
Powered by NewsLook.com
Raw: Thousands Flocking to German Crop Circle

Raw: Thousands Flocking to German Crop Circle

AP (July 30, 2014) Thousands of people are trekking to a Bavarian farmer's field to check out a mysterious set of crop circles. (July 30) Video provided by AP
Powered by NewsLook.com
Amid Drought, UCLA Sees Only Water

Amid Drought, UCLA Sees Only Water

AP (July 30, 2014) A ruptured 93-year-old water main left the UCLA campus awash in 8 million gallons of water in the middle of California's worst drought in decades. (July 30) Video provided by AP
Powered by NewsLook.com
In Virginia, the Rise of a New Space Coast

In Virginia, the Rise of a New Space Coast

AP (July 30, 2014) Every summer, tourists make the pilgrimage to Chincoteague Island, Va. to see wild ponies cross the Assateague Channel. But, it's the rockets sending to supplies to the International Space Station that are making this a year-round destination. (July 30) Video provided by AP
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:
from the past week

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