Navigation Links
Reducing carbon emissions could help -- not harm -- US economy
Date:3/19/2008

New Haven, Conn. A national policy to cut carbon emissions by as much as 40 percent over the next 20 years could still result in increased economic growth, according to an interactive website that reviews 25 of the leading economic models used to predict the economic impacts of reducing emissions.

As Congress prepares to debate new legislation to address the threat of climate change, opponents claim that the costs of adopting the leading proposals would be ruinous to the U.S. economy. The worlds leading economists who have studied the issue say thats wrong and you can find out for yourself, said Robert Repetto, professor in the practice of economics and sustainable development at the Yale School of Forestry & Environmental Studies who created the site.

The interactive website, www.climate.yale.edu/seeforyourself, synthesized thousands of policy analyses in order to identify the seven key assumptions accounting for most of the differences in the model predictions. The site allows visitors to choose which assumptions they feel are most realistic and then view the predictions of the economic models based on the chosen assumptions.

Among the key optimistic assumptions are that renewable energy technologies will be available at stable or increasing prices; that higher fossil fuel prices will stimulate energy-saving technological change; that reducing U.S. carbon emissions will reduce economic damages from climate change and air pollution; and that the United States will incorporate international trading of emission permits into its national policy.

Growth rates of the U.S. Gross Domestic Product (GDP) have been 3 percent per year over recent decades. With emissions reduced by 40 percent below projected business-as-usual trends, even under most pessimistic assumptions the GDP would grow 2.4 percent a year, reaching $23 trillion by 2030, according to the websites predictions. Under the most favorable assumptions, GDP would rise slightly above 3 percent a year.

The website shows that even under the most unfavorable assumptions regarding costs, the U.S. economy is predicted to continue growing robustly as carbon emissions are reduced, said Repetto. Under favorable assumptions, the economy would grow more rapidly if emissions are reduced through national policy measures than if they are allowed to increase as in the past.


'/>"/>

Contact: Janet Rettig Emanuel
janet.emanuel@yale.edu
203-432-2157
Yale University
Source:Eurekalert  

Related medicine news :

1. New study shows promise in reducing surgical risks associated with surgical bleeding
2. Global Health Project targets reducing AIDS among Indias adolescents
3. Preventing or reducing enlarged heart decreases risk of heart failure
4. Acting Surgeon General Announces National Initiatives to Protect Children by Reducing Exposure to Secondhand Smoke
5. Safe Blood for Africa Foundations African Club 25 Greatly Reducing HIV Infections in African Youth
6. Breast cancer survivors optimistic, yet lack critical information on reducing recurrence
7. World Bank Group Report on Malaria in Africa Highlights Progress Towards Goal of Significantly Reducing Malaria Deaths
8. Americans Pessimistic View of Accident Prevention Poses Hurdle to Reducing Injuries, Survey Says
9. Study shows reducing class size may be more cost-effective than most medical interventions
10. Role of a key enzyme in reducing heart disease identified
11. Preventing or reducing enlarged heart may decrease risk for diabetes
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Reducing carbon emissions could help -- not harm -- US economy
(Date:2/19/2017)... Viejo, CA (PRWEB) , ... February 19, 2017 , ... ProBrand Glitch is a set ... . With ProBrand Glitch users can easily reveal any logo with a glitch reveal in ... X users control over the style and animation of each preset. Use these presets to ...
(Date:2/18/2017)... , ... February 17, 2017 , ... ... source of disruptive innovation in the industry, according to the recent NEJM Catalyst ... based on surveys of the NEJM Catalyst Insights Council, a qualified group of ...
(Date:2/18/2017)... ... February 18, 2017 , ... ... Pixel Film Studios ’ ProParagraph Fashion Volume 2 for all multi-line FCPX ... applications. Users can pick and choose from hand-crafted trend-setting designs with smooth ...
(Date:2/17/2017)... ... February 17, 2017 , ... The Alliance Healthcare Foundation ... to further positively impact the health and wellness of our community in San ... our duty to seriously consider releasing our assets beyond our 5% targeted distribution ...
(Date:2/17/2017)... Verdes, CA (PRWEB) , ... February 17, 2017 ... ... emotional flow is Dr. Carol Francis' goals for each and every ... Conference, Dr. Carol Francis will demonstrate five different brainwave tools which help energize ...
Breaking Medicine News(10 mins):
(Date:2/20/2017)... February 20, 2017 The ... USD 58.4 billion by 2025, according to a ... market is driven by technological advancements in veterinary ... opportunities to the market. For instance, MediLabSecure, a ... of identifying emerging viruses and pathogens in 19 ...
(Date:2/20/2017)... LONDON , February 20, 2017 Acute, Chronic ... is expected to grow at a CAGR of 7% from 2016-2021 and ... a CAGR of 6% from 2016 to 2027. The market is estimated ... ... Read on to discover how you can exploit the future business ...
(Date:2/18/2017)... PORT WASHINGTON, N.Y. , Feb. 17, 2017 ... law firm dedicated to protecting the rights of ... device problems have prompted regulators to call for ... events in 1990. Safety concerns involving ... and Drug Administration (FDA) to investigate how hospitals ...
Breaking Medicine Technology: