IHS Chemical Week

EnviroTech :: Regulatory

CBO: Waxman-Markey Will Moderately Reduce U.S. GDP

3:04 PM MST | November 24, 2009 | Vincent Valk

The Waxman-Markey cap-and-trade legislation, aimed at curbing U.S. greenhouse gas (GHG) emissions, will result in a slight reduction in gross domestic product (GDP) growth through 2020, according to an analysis by the Congressional Budget Office (CBO). The reduction is projected to be in the range of 0.25% to 0.75% in 2020, before growing to 1%-3.5% by 2050. However, "unchecked increases in GHG emissions would also tend to reduce output" assuming that climate change does occur, CBO says. The analysis considered only the Waxman-Markey bill passed by the...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa