This report responds to a request from Senators Lieberman and Warner
for an analysis of S. 2191,
the Lieberman-Warner Climate Security Act of 2007. S. 2191
is a complex bill regulating emissions
of greenhouse
gases through market-
based mechanisms, energy efficiency programs, and economic
incentives.
This analysis focuses on the impacts of the greenhouse gas cap-and-trade program
established under
Title I of S. 2191.
Excel Spreadsheets |
Reference ![Reference. Need help, contact the National Energy Information Center at 202-586-8800.](https://webarchive.library.unt.edu/eot2008/20090312172341im_/http://www.eia.doe.gov/images/xls.gif) |
S. 2191 Core ![S.2191 Core. Need help, contact the National Energy Information Center at 202-586-8800.](https://webarchive.library.unt.edu/eot2008/20090312172341im_/http://www.eia.doe.gov/images/xls.gif) |
S. 2191 Limited Alternatives ![S.2191 Limited Alternatives. Need help, contact the National Energy Information Center at 202-586-8800.](https://webarchive.library.unt.edu/eot2008/20090312172341im_/http://www.eia.doe.gov/images/xls.gif) |
S. 2191 No International ![S.2191 No International. Need help, contact the National Energy Information Center at 202-586-8800.](https://webarchive.library.unt.edu/eot2008/20090312172341im_/http://www.eia.doe.gov/images/xls.gif) |
S. 2191 Limited/No International ![S.2191 Limited/No International. Need help, contact the National Energy Information Center at 202-586-8800.](https://webarchive.library.unt.edu/eot2008/20090312172341im_/http://www.eia.doe.gov/images/xls.gif) |
S. 2191 High Cost ![S.2191 High Cost. Need help, contact the National Energy Information Center at 202-586-8800.](https://webarchive.library.unt.edu/eot2008/20090312172341im_/http://www.eia.doe.gov/images/xls.gif) |
S. 1766 Update ![S.1766 Update. Need help, contact the National Energy Information Center at 202-586-8800.](https://webarchive.library.unt.edu/eot2008/20090312172341im_/http://www.eia.doe.gov/images/xls.gif) |
|
(complete Report) ![Energy Market and Economic Impacts of S.2191, the Lieberman-Warner Climate Security Act of 2007 Report. Need help, contact the National Energy Information Center at 202-586-8800.](https://webarchive.library.unt.edu/eot2008/20090312172341im_/http://www.eia.doe.gov/images/pdf.gif) |
|
|
Preface and Contacts |
|
Executive Summary |
|
Analysis Cases |
|
Key Findings |
|
Additional Insights |
|
1. Background and Scope of the Analysis |
|
Background |
|
Methodology |
|
Non-CO2 Emission Coverage and Abatement Assumptions |
|
Allowance Banking and Borrowing |
|
Appliance Efficiency and Building codes |
|
Allowances to Load-Serving Entities and Fossil-Fired Powerplant Owners |
|
Analysis Cases |
|
2. Results |
|
Greenhouse Gas Emissions and Allowance Prices |
|
Allowance and Offset Prices |
|
Emissions Impacts by Source and Sector |
|
Comparison of GHG Emissions in the S. 2191 and S. 1766 Cases |
|
Energy Market Impacts |
|
Electricity Sector Emissions, Generation, and Prices |
|
Emissions |
|
Capacity and Generation |
|
Price and Demand |
|
Coal Market Impacts |
|
Economic Impacts |
|
Allowance Revenues |
|
Impacts on Energy and Aggregate Prices |
|
Real GDP and Consumption Impacts |
|
Industrial Impacts |
|
Uncertainty |
|
|
|
Appendix A. Analysis Request Letter |
|
Appendix B. Follow-Up Analysis Request Letter |
|
Appendix C. Detailed Summary of S. 2191 from Sen. Lieberman's Web Site |
|
|
|