Economics

New Lieberman-Warner Economic Insights

Modeling analyses of the Lieberman-Warner climate bill provide key insights about cost-effective policy approaches and the importance of technology, but cost projections vary considerably and should not be taken literally, according to a new Pew Center study. The In Brief examines some of the models used to assess the economic impacts of the Lieberman-Warner Climate Security Act (as reported out of Committee in December 2007) and puts them in context.
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Insights gleaned from these modeling analyses still apply to the latest version of the Lieberman-Warner bill because its key elements and structure remain the same. A summary of the legislation can be accessed by clicking here. In addition, a related white paper helps explain the advantages and limitations of economic models for evaluating policy options.