Researchers Say Climate Bills Underestimate Costs

Congress is debating more than a dozen bills that would cap or restrict greenhouse gas (GHG) emissions, but some of the bills are based on overly optimistic assumptions from the U.S. Department of Energy’s Energy Information Administration (EIA; Washington), researchers say. Those assumptions, when used to analyze the effect that a cap-and-trade program would have on the U.S. economy, seriously underestimate the negative effect the program would have on natural gas pricing, according to a recent study by researchers at Penn State University (PSU; State...

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