{"id":758,"date":"2009-08-05T17:12:19","date_gmt":"2009-08-05T22:12:19","guid":{"rendered":"http:\/\/blogs.edf.org\/climate411\/2009\/08\/05\/filling-the-gap-left-by-an-industry-groups-canceled-announcement\/"},"modified":"2009-08-05T17:12:19","modified_gmt":"2009-08-05T22:12:19","slug":"filling-the-gap-left-by-an-industry-groups-canceled-announcement","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/climate411\/2009\/08\/05\/filling-the-gap-left-by-an-industry-groups-canceled-announcement\/","title":{"rendered":"Filling the Gap Left by an Industry Group&#8217;s Canceled Announcement"},"content":{"rendered":"<p>The National Association of Manufacturers (NAM) and the American Council for  Capital Formation (ACCF) were scheduled to release their new report on the  economic impacts of the climate bill passed by the House today. They had planned a conference call to brief members of the media.<\/p>\n<p>Unfortunately, they  canceled &#8211; and <strong>left participating journalists without a story<\/strong> about the climate bill for  today.<\/p>\n<p><strong>To fill that gap, Environmental Defense Fund has compiled some facts<\/strong>  about the climate bill (ACES) from the most recent studies and most reputable sources out there.  There&#8217;s plenty of information available; hopefully this will help journalists  meet their deadlines.<\/p>\n<ul>\n<li>The <a href=\"http:\/\/www.eia.doe.gov\/oiaf\/servicerpt\/hr2454\/index.html\" title=\"http:\/\/www.eia.doe.gov\/oiaf\/servicerpt\/hr2454\/index.html\">Energy  Information Administration<\/a> (EIA) says the cap on carbon pollution in ACES  can be achieved for $83 per year per household &#8211; or a dime a day per person. One  of the reasons for the affordability is that increases in electricity and  natural gas bills of consumers are substantially mitigated through 2025 by the  allocation of free allowances to regulated electricity and natural gas  distribution companies. <a href=\"https:\/\/blogs.edf.org\/climate411\/2009\/08\/05\/eia-analysis-climate-bill-will-cut-america%e2%80%99s-oil-addiction-for-about-a-dime-a-day\/\">More about the study<\/a>.<\/li>\n<li>The <a href=\"http:\/\/www.cbo.gov\/ftpdocs\/103xx\/doc10327\/06-19-CapAndTradeCosts.pdf\" title=\"http:\/\/www.cbo.gov\/ftpdocs\/103xx\/doc10327\/06-19-CapAndTradeCosts.pdf\">Congressional  Budget Office <\/a>(CBO) found that ACES would cost the average household $175 a  year by 2020, or about the cost of a postage stamp per day. The CBO also found  that the poorest 20 percent of American households would actually see a net cash  gain under the bill of about $40 in 2020. The study factored in the value of  emissions allowances that will be rebated to consumers.<\/li>\n<li>The <a href=\"http:\/\/www.epa.gov\/climatechange\/economics\/economicanalyses.html#hr2452\" title=\"http:\/\/www.epa.gov\/climatechange\/economics\/economicanalyses.html#hr2452\">Environmental  Protection Agency <\/a>(EPA) puts the cost of a carbon cap at $88-$140 per  household per year over the life of the program &#8211; or about a dime a day per  person. (Sound familiar?)<\/li>\n<li>The <a href=\"http:\/\/www.eia.doe.gov\/oiaf\/servicerpt\/hr2454\/index.html\" title=\"http:\/\/www.eia.doe.gov\/oiaf\/servicerpt\/hr2454\/index.html\">Energy  Information Administration <\/a>(see above) also says that ACES would reduce our  dependence on foreign oil. The U.S. would reduce its consumption of oil by 344  million barrels in the year 2030 alone, a cut of more than 12 percent from  predicted imports for the same year without the bill.\u00a0 To put that figure in  perspective, 344 million barrels of oil are worth almost $26 billion  today.<\/li>\n<li>The <a href=\"http:\/\/www.globalchange.gov\/publications\/reports\/scientific-assessments\/us-impacts\/download-the-report\" title=\"http:\/\/www.globalchange.gov\/publications\/reports\/scientific-assessments\/us-impacts\/download-the-report\">United  States Global Change Research Program<\/a>, better known as the NOAA report,  found that America will face hundreds of billions of dollars in costs if we  don&#8217;t take steps to stop climate change. The cost of inaction will include: sea  level rise of as much as two feet that will destroy property along our coasts;  stronger hurricanes and other storms that will damage cities; and severe  droughts that will devastate agricultural sectors. <a href=\"https:\/\/blogs.edf.org\/climate411\/2009\/06\/17\/new-climate-report-life-in-a-very-different-united-states\/\">More highlights from the report<\/a>.<\/li>\n<li><a href=\"http:\/\/lesscarbonmorejobs.org\/\" title=\"http:\/\/lesscarbonmorejobs.org\/\">LessCarbonMoreJobs.org<\/a> shows thousands  of U.S. companies that are already working in the energy efficiency or clean  energy sectors, and are poised to grow under the carbon cap. EDF created this  website to map out, state-by-state, where clean energy jobs are likely to be  produced.<\/li>\n<li><strong>NAM\/ACCF&#8217;s study from last year was seriously flawed<\/strong>. It  looked at the earlier Lieberman-Warner bill, but it ignored important provisions  of the legislation and imposed artificial constraints on the economy&#8217;s ability  to reduce emissions. The analysis presumed there would be no banking of emission  allowances and only limited use of offsets. The study also artificially  constrained the use of renewable energy and carbon capture and storage. NAM has  a long history of opposing virtually every major environmental law that&#8217;s been  proposed, often using similar bad arguments with flawed data. Of course, they  have a chance to get it right this year- once they finally release their new  study.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The National Association of Manufacturers (NAM) and the American Council for Capital Formation (ACCF) were scheduled to release their new report on the economic impacts of the climate bill passed by the House today. They had planned a conference call to brief members of the media. Unfortunately, they canceled &#8211; and left participating journalists without &#8230;<\/p>\n","protected":false},"author":1912,"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-758","post","type-post","status-publish","format-standard","hentry","category-economics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Filling the Gap Left by an Industry Group&#039;s Canceled Announcement - 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\/08\/05\/filling-the-gap-left-by-an-industry-groups-canceled-announcement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Filling the Gap Left by an Industry Group&#039;s Canceled Announcement - Climate 411\" \/>\n<meta property=\"og:description\" content=\"The National Association of Manufacturers (NAM) and the American Council for Capital Formation (ACCF) were scheduled to release their new report on the economic impacts of the climate bill passed by the House today. 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