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The Other Side of the Coin

The Other Side of the Coin

The Economic Benefits of Climate Legislation

By J. Scott Holladay and Jason A Schwartz
September 1, 2009

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Filed under Policy Briefs, Transparency

This brief compiles estimates from several different federal agencies, and calculates that the economic benefits of the emissions cap in the Waxman-Markey bill likely dwarf the costs by as much as 9-to-1 or more. The benefit-to-cost ratio was determined using the EPA’s previously released (and peer reviewed) cost estimates and a newly released “social cost of carbon” estimate from an interagency process which provides a conservative dollar figure for the benefits of greenhouse gas reductions.