Climate and Environment
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Report
Potential Increases in Hurricane Damage in the United States: Implications for the Federal Budget
June 2, 2016How much will hurricane damage increase in coming years because of climate change and coastal development? This report examines the implications for the federal budget and three approaches for decreasing the pressure for federal spending.
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Report
Federal Support for the Development, Production, and Use of Fuels and Energy Technologies
November 18, 2015In fiscal year 2015, the federal government supported the development, production, and use of fuels and energy technologies through tax preferences totaling $15.8 billion and spending by the Department of Energy totaling $5.4 billion.
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Report
Testimony on the Renewable Fuel Standard: Issues for 2015 and Beyond
November 3, 2015Terry Dinan, Senior Advisor for CBO’s Microeconomic Studies Division, testifies on the Renewable Fuel Standard before the House Committee on Science, Space, and Technology’s Subcommittee on Oversight and Subcommittee on Environment.
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Report
The Renewable Fuel Standard: Issues for 2014 and Beyond
June 26, 2014Using the rising amounts of renewable transportation fuels required by the Renewable Fuel Standard will be difficult. CBO looks at how those requirements and alternatives would affect fuel and food prices and greenhouse gas emissions.
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Report
Border Adjustments for Economywide Policies That Impose a Price on Greenhouse Gas Emissions
December 19, 2013A carbon tax or cap-and-trade program could make emission-intensive U.S. products less competitive and increase emissions overseas. Import tariffs related to emissions could reduce those effects but would be hard to implement.
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Report
Effects of a Carbon Tax on the Economy and the Environment
May 22, 2013A carbon tax’s effect on the economy depends on how lawmakers would use revenues generated by the tax. The tax would help reduce U.S. emissions but would have only a modest effect on the Earth’s climate without a worldwide effort.
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Report
Effects of Federal Tax Credits for the Purchase of Electric Vehicles
September 20, 2012CBO’s report assesses how the credits affect the relative cost of owning an electric vehicle, and how cost-effectively the credits reduce gasoline consumption and greenhouse gas emissions.
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Report
Federal Efforts to Reduce the Cost of Capturing and Storing Carbon Dioxide
June 28, 2012CBO’s analysis suggests that the projected high cost of using CCS means that current federal programs are unlikely to support widespread use of the technology. The study discusses several other options that lawmakers might consider.