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Energy and Economic Impacts of H.R.5049, The Keep America Competitive Global Warming Policy Act |
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This report responds to a May 2, 2006 request from Congressmen Tom Udall and Tom Petri asking EIA to analyze the impacts of their legislation implementing a market-based allowance program to cap greenhouse gas emissions at 2009 levels. The legislation, introduced March 29, 2006, limits the potential economic impact through the sale of additional allowances at a safety-valve price, an allowance allocation program, and allowance credits for carbon sequestration projects.
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