Table 25.  Energy Market Assumptions for the Macroeconomic Analysis of Three
Carbon Reduction Cases, Average Annual Values, 2008 through 2012

Analysis Case

Binding Carbon Emissions Reduction Target (Million Metric Tons)

Average U.S. Carbon Emissions Reductions (Million Metric Tons)

U.S. Purchases of International Permits (Million Metric Tons)

Carbon Price

Value of Purchased International Permits (Billion 1992 Dollars)

1996 Dollars
per Metric Ton

1992 Dollars
per Metric Ton

1990-3%

485 485 0 290 263 0
1990+9% 485 325 160 159 144 23
1990+24% 485 122 363 65 59 21
Source: Office of Integrated Analysis and Forecasting, National Energy Modeling System, runs FD24ABV.D080398B, FD09ABV.D080398B, and FD03BLW. D080398B.