This report responds to a request from Senator James Inhofe, received on January 28, 2003, and Senators John McCain and Joseph Lieberman, received on April 2, 2003, to analyze the impact of S.139. S.139 would establish regulations to limit greenhouse gas emissions primarily through an emission allowance program and related emissions reporting requirements. The emissions allowance program would apply to most greenhouse gas emissions sources, the exceptions being the emissions from the residential and agriculture sectors, as well as emissions from organizational entities whose annual emissions are less than a certain threshold.
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(complete Report)  |
| Highlights |
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| 1. Introduction |
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| Background |
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| Summary of S.139 |
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| Focus of the Analysis |
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| 2. Assumptions, Methodology, and Scenarios |
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| The National Energy Modelinig System |
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| Representing S.139 |
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| Scenarios Included in This Study |
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| 3. Greenhouse Gases, Offsets, and International Greenhouse Gas Control Activities |
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| Greenhouse Gas Emission Levels |
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| Allowance and Offset Values |
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| Offset Sensitivity Cases |
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| International Commitments of Selected Developing Countries |
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| 4. End-Use Energy Demand |
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| Residential Sector |
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| Commercial Sector |
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| Industrial Sector |
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| Transportation Sector |
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| 5. Electricity Supply |
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| Background |
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| Generation by Fuel |
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| Capacity Additions and Retirements by Plant Type |
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| Electricity Prices and Consumer Demand |
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| Emissions |
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| Uncertainties and Sensitivity Cases |
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| 6. Fossil Fuel Supply |
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| Natural Gas Industry |
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| Petroleum Industry |
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| Coal Markets |
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| 7. Assessment of Ecoonomic Impacts |
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| Objectives of the Economic Assessment |
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| Treatment of Permits from a Macroeconomic Perspective |
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| Macroeconomic Cost Measures |
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| Impacts on the Aggregate Economy |
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| Preface |
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| Contacts |
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| Appendixes |
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| A. Request Letters and Other Correspondence |
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| B. Modifications to the AEO2003 Reference Case |
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C. Potential Credits for Early Compliance: Assessment of Emissions Reported to EIA's
Voluntary Reporting of Greenhouse Gases Program |
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| D. S.139 Case |
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| E. Corp20 and Corp80 Cases |
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| F. S.139 High Technology Case |
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| G. No New Nuclear/No Sequestration Case |
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| H. No Banking and Commercial Covered Cases |
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| I. S.139 High Gas Price Case |
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| J. 50% GHG Offset Case |
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