Monday, April 18, 2005

t r u t h o u t - Energy Dept. Contradicts Bush on Climate Costs

t r u t h o u t - Energy Dept. Contradicts Bush on Climate Costs: "$78 Annual Household Cost

EIA estimated that the cost to each U.S. household of using a market-based approach to limit greenhouse gases would be $78 per year, from 2006 to 2025. That would reduce the gross domestic product in 2025 by about one-tenth of 1 percent, it said.

The commission also had recommended a 36 percent increase in the average fuel economy for cars and light-duty trucks between 2010 and 2015 and doubling to $3 billion a year the budget for federal energy research and development. In addition, it called for new tax incentives for gasifying coal and building nuclear plants."

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