The Congressional Budget Office cited research from RFF in a letter sent yesterday to ranking Senate Environment and Public Works Committee Republican, James Inhofe (R-OK).
In the letter, CBO Director Douglas Elemendorf highlights analysis from Dallas Burtraw, Richard Sweeney and Margaret Walls on the effects of a $20.91/ton price on carbon emissions in various regions throughout the U.S (a topic explored in previous posts here and here).
Elmendorf writes, “Using a model that incorporates changes in the supply of and demand for electricity, RFF estimates that the price of electricity would increase by as little as 7 percent in California and by as much as 27 percent in the Ohio Valley.”
For the full RFF report, read “The Incidence of U.S. Climate Policy: Alternative Uses of Revenues from a Cap-and-Trade Auction,” from Burtraw, Sweeney, and Walls and for more on the CBO letter, read its Director’s Blog.
