No. 101 - State Greenhouse Gas Programs: An Economic Analysis (ppt)
June 21, 2005
Presentation to the Pennsylvania House Committee on Environmental Resources and Energy.
Preview of Findings
- Reducing greenhouse gas emissions to 7 percent below 1990 levels would cost Pennsylvania state government $440 million a year.
- The slower economic growth due to higher energy costs would reduce state revenue by $4.7 billion per year.
- Total cost to state government would be $5.14 billion, about 26.5 percent of 2001 general fund revenues.
- The cost to consumers and businesses in Pennsylvania would be unbearable, $11,305 per household.