New Study Estimates Cost of Revised McCain/Lieberman Climate Bill on States

American Council for Capital Formation
June 2005

ACCF Analysis Also Estimates Cost of Complying with More Stringent GHG Reduction Requirements

ACCF sponsored a state-by-state analysis of the economic impact of proposed legislation co-sponsored by Senators John McCain (R-AZ) and Joseph Leiberman (D-CT). The bill provides for the reduction of greenhouse gas emissions through the creation of a cap and trade program.

ACCF presents the following analyses of the economic impact of this proposal on individual states and the country as a whole. In addition to analyzing the specific provisions of this bill, these reports also analyze the economic impact of more stringent GHG emissions reduction targets, including the impact of reducing GHGs to 1990 levels by 2020 and the impact of getting on a trajectory to reduce GHGs to 80-percent below 1990 levels by 2050.

Reports for the nation as a whole as well as 28 states have been completed and are available below. (The documents are available in PDF format and are roughly 150KB).

*For a comparison of the types of models used to estimate the costs of climate change proposals like S.A. 2028 and for more information about the model used in this set of analyses download the model comparison (PDF-120KB).

State by State Analyses: