New ACCF Study Shows Economic Costs of Lieberman/Warner Bill

The American Council for Capital Formation
February 19, 2008

These studies analyze the economic costs of the Lieberman/Warner Climate Security Act (S.2191 or L/W
bill) at the state and household level for the 21 states and for the USA as a whole. The L/W bill would enforce a nationwide cap and trade program for the emissions of greenhouse gases (GHGs).

The results presented here are preliminary and will be revised as new projections of baseline greenhouse gas emissions and recently passed legislation are incorporated into the analysis. In addition, the results for additional states will be posted in the next several weeks.

Among the findings are:

• Energy prices would rise
• Higher energy costs would reduce jobs
• Household income would fall as energy and other prices rise
• Economic growth would slow
• Most industries would suffer losses in production

To read the studies, click on the states below: