Once again: ACESA Cap and Trade system = Fail
This is from the EIA (US Govt) report on the ACESA cap and trade bill. Basically, it ensures that in the long run we will all be poorer and live in a less productive, less competitive country, while the emissions simply shift to SE Asia... dumb. The only real benefit of the plan is in reducing coal usage - which really should be done by encouraging nuclear, not taxing the entire economy.
EIA Report:
ACESA increases the cost of using energy, which reduces real economic output, reduces
purchasing power, and lowers aggregate demand for goods and services. The result is that
projected real gross domestic product (GDP) generally falls relative to the Reference Case.
Total discounted GDP losses over the 2012 to 2030 time period are $566 billion (-0.3 percent) in the ACESA Basic Case, with a range from $432 billion (-0.2 percent) to $1,897 billion (-0.9 percent) across the main ACESA cases (Table ES-2). Similarly, the cumulative discounted losses for personal consumption are $273 billion (-0.2 percent) in the ACESA Basic Case and range from $196 billion (-0.1 percent) to $988 billion (-0.7 percent). GDP losses in 2030, the last year explicitly modeled in this analysis, range from $104 billion to $453 billion (-0.5 to -2.3 percent), while consumption losses in that year range from $36 billion to $180 billion (-0.3 to -1.3 percent). The estimated 2030 GDP and consumption losses in the ACESA No International/Limited Case, at the top of these ranges, are nearly or more than twice as large as those in the ACESA No International and High Cost Cases, which have the next highest level of impacts.
EIA Report:
ACESA increases the cost of using energy, which reduces real economic output, reduces
purchasing power, and lowers aggregate demand for goods and services. The result is that
projected real gross domestic product (GDP) generally falls relative to the Reference Case.
Total discounted GDP losses over the 2012 to 2030 time period are $566 billion (-0.3 percent) in the ACESA Basic Case, with a range from $432 billion (-0.2 percent) to $1,897 billion (-0.9 percent) across the main ACESA cases (Table ES-2). Similarly, the cumulative discounted losses for personal consumption are $273 billion (-0.2 percent) in the ACESA Basic Case and range from $196 billion (-0.1 percent) to $988 billion (-0.7 percent). GDP losses in 2030, the last year explicitly modeled in this analysis, range from $104 billion to $453 billion (-0.5 to -2.3 percent), while consumption losses in that year range from $36 billion to $180 billion (-0.3 to -1.3 percent). The estimated 2030 GDP and consumption losses in the ACESA No International/Limited Case, at the top of these ranges, are nearly or more than twice as large as those in the ACESA No International and High Cost Cases, which have the next highest level of impacts.
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