CBO: Cap-and-trade system for emissions would slow economic growth

10/15/2009 | Washington Post, The · U.S. News & World Report

The House version of a proposed cap-and-trade system for cutting greenhouse-gas emissions would produce a "comparatively modest" slowdown in U.S. economic growth overall but trigger significant losses of employment in the petroleum industry, said Douglas Elmendorf, head of the Congressional Budget Office. He told the Senate Energy and Natural Resources Committee that the CBO's study does not take into account benefits from preventing climate change.

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Washington Post, The · U.S. News & World Report

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