Wednesday, March 25, 2009

Who pays for climate policy? new estimates of the household burden and economic impact of a U.S. cap-and-trade system

Source: US Tax Foundation
"With climate change legislation becoming a top congressional priority in recent months, a new study shows that a cap-and-trade system curbing greenhouse gas emissions would place an annual burden of $144.8 billion on American households. The average annual household burden would be $1,218, which would be approximately 2% of the average household income."