{"id":1195,"date":"2009-10-02T11:37:03","date_gmt":"2009-10-02T16:37:03","guid":{"rendered":"http:\/\/blogs.edf.org\/climate411\/?p=1195"},"modified":"2009-10-02T11:37:03","modified_gmt":"2009-10-02T16:37:03","slug":"best-economic-analyses-economy-can-thrive-as-we-cap-carbon","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/climate411\/2009\/10\/02\/best-economic-analyses-economy-can-thrive-as-we-cap-carbon\/","title":{"rendered":"Best Economic Analyses: Economy Can Thrive as We Cap Carbon"},"content":{"rendered":"

When you want to find out which cars are best, you look to honest experts who do their homework \u2013 like Consumer Reports<\/em> or the National Highway Traffic Safety Administration.<\/p>\n

At EDF, we do the same thing when it comes to analyzing how the economy will fare under a carbon cap:\u00a0 we look at what the neutral, nonpartisan economists are saying.<\/p>\n

In the world of economic forecasts, the honest brokers include the Environmental Protection Agency, the Energy Information Administration, the Massachusetts Institute of Technology, and the Congressional Budget Office.<\/p>\n

In a just-released publication, EDF\u2019s economics team looks at what these nonpartisan experts are saying about the House-passed American Clean Energy and Security Act (H.R. 2454, or ACES).\u00a0 As you recall, that bill would put a gradually declining cap on emissions of heat-trapping gases.<\/p>\n

Here\u2019s what we found:\u00a0 according to unbiased economic experts, if we adopt ACES, the US economy will reach $25 trillion in the spring of 2030 \u2013 just a couple of months after it would do so with no cap<\/em>.\u00a0 In other words, we don\u2019t have to compromise between a strong economy and a better environment.\u00a0 We can have both<\/strong>.<\/p>\n

To help you see how tiny the impact of a cap on economic growth will be, check out this chart:<\/p>\n

\"gdp_bars\"<\/a><\/p>\n

The new EDF paper<\/a> builds on our analysis last year<\/a> of nonpartisan studies of earlier climate bills.\u00a0 The new studies square up perfectly with last year\u2019s:\u00a0 fighting climate change is easily affordable.<\/p>\n

So what about those wild numbers you hear tossed around \u2013 that if we cap carbon, the economy will crater and families will go broke paying ginormous utility bills?\u00a0\u00a0 Those numbers aren\u2019t from these neutral, nonpartisan studies; they\u2019re from \u201cstudies\u201d by groups who want to kill climate legislation.<\/p>\n

We\u2019ve rebutted the crazy numbers elsewhere<\/a>.\u00a0 But this brief is about real economic studies done by serious, neutral experts.
\n

The new paper<\/a> also compares the tiny costs of protecting ourselves against potentially catastrophic global warming with the much larger amounts we spend to protect ourselves in other ways \u2013 like police and fire protection, life insurance, and national defense.\u00a0 This chart tells the story:

<\/p>\n

\"dollar_penny\"<\/a><\/p>\n

There are a lot more goodies in our economists\u2019 new report — check it out<\/a>.\u00a0 And if you want the graduate-level course, you can learn still more about climate economics at http:\/\/www.edf.org\/climatecosts<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

When you want to find out which cars are best, you look to honest experts who do their homework \u2013 like Consumer Reports or the National Highway Traffic Safety Administration. At EDF, we do the same thing when it comes to analyzing how the economy will fare under a carbon cap:\u00a0 we look at what …<\/p>\n","protected":false},"author":514,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[43],"tags":[],"coauthors":[],"class_list":["post-1195","post","type-post","status-publish","format-standard","hentry","category-economics"],"acf":[],"yoast_head":"\nBest Economic Analyses: Economy Can Thrive as We Cap Carbon - Climate 411<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.edf.org\/climate411\/2009\/10\/02\/best-economic-analyses-economy-can-thrive-as-we-cap-carbon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Best Economic Analyses: Economy Can Thrive as We Cap Carbon - Climate 411\" \/>\n<meta property=\"og:description\" content=\"When you want to find out which cars are best, you look to honest experts who do their homework \u2013 like Consumer Reports or the National Highway Traffic Safety Administration. 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