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ACCF/NAM Study of the Economic Impact of the Lieberman-Warner Climate Security Act

SAIC Study Assesses Economic Implications on Future Energy Costs, Economic Growth,

The American Council for Capital Formation and the National Association of Manufacturers (NAM) unveiled a jointly commissioned study assessing the potential national and state economic impacts resulting from proposed climate change legislation, America's Climate Security Act of 2007 (S. 2191), authored by U.S. Senators Joseph Lieberman and John Warner

S. 2191 aims to reduce total U.S. greenhouse gas emissions with the goal of lowering emissions 63 percent below their 2005 levels by the year 2050. These reductions would be achieved through a system that would call for companies to cap their emissions, and then to have them trade emissions rights with each other.

Conducted by Science Applications International Corporation (SAIC) using assumptions provided by ACCF and NAM, the study unveiled today examines the implications of the legislation with respect to Gross Domestic Product and Gross State Product, future energy costs, economic growth, employment, production, household income, the impact on low income earners and other measurements. The study includes a comprehensive national economic assessment, as well as separate and specific overviews of the impacts the legislation could have on all 50 U.S. states.

Individual State Reports

Additional Information
For additional information, or to schedule and interview, please contact Laura Narvaiz for NAM at (202) 637-3104 or LNarvaiz@nam.org, or Mike Burita for ACCF at (202) 420-9361 or MBurita@accf.org.

About NAM
The National Association of Manufacturers (www.nam.org) is the nation's largest industrial trade association, representing small and large manufacturers in every industrial sector and in all 50 states. Headquartered in Washington, D.C., the NAM has 11 additional offices across the country.

About ACCF
The American Council for Capital Formation (www.accf.org) is a nonprofit, nonpartisan organization dedicated to the advocacy of tax and environmental policies that encourage saving and investment. The ACCF was founded in 1973 and is supported by the voluntary contributions of corporations, associations, foundations, and individuals.