This policy brief conducts an informal analysis of the costs and benefits of H.R. 2454: the American Clean Energy and Security Act of 2009. EPA has prepared a formal estimate of this bill$B!G(Bs costs, but has not considered the benefits.
Using data provided by EPA, as well as new calculations of the damages from greenhouse gas emissions recently developed by a federal interagency task force, this brief estimates the benefits of H.R. 2454$B!G(Bs cap on greenhouse gas emissions. The results indicate that H.R. 2454 is cost$B!>(Bbenefit justified under most reasonable assumptions about the likely $B!H(Bsocial cost of carbon.$B!I(B
Dr. Stephen R. Humphrey, Director,
School of Natural Resources and Environment,
Box 116455, 103 Black Hall, University of Florida
Gainesville, FL 32611-6455 USA
Tel. 352-392-9230, Fax 352-392-9748