ABSTRACT

Climate Change: Analysis of Two Studies of Estimated Costs of Implementing the Kyoto Protocol   [open pdf - 658KB]

This is a review of reports by the Energy Information Administration and the Council of Economic Advisers which differed significantly in their cost estimates of implementing the Kyoto Protocol in the U.S. The GAO reviewed the CEA and EIA reports, as well as testimony of the Council on Environmental Quality, and related literature to identify likely reasons for the differences between the two cost estimates ($397 billion from EIA and $7 billion to $12 billion by CEA), based on (1) the economic models used to prepare these estimates, and (2) the assumptions incorporated into these models. GAO found two likely reasons why the cost estimates differed based on the economic models: (1) the models focus on different time periods, with different assumptions about how the economy adjusts to new policies, and (2) they measure costs differently.

Report Number:
GAO-04-144R
Publisher:
Date:
2004-01-30
Copyright:
Public Domain
Retrieved From:
Government Accountability Office (GAO): http://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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