The Cost of Accomplishing Nothing: The Economic Impacts of Cap-and-Trade David W. Kreutzer, Ph.D. Senior Policy Analyst for Energy Economics and Climate.

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Presentation transcript:

The Cost of Accomplishing Nothing: The Economic Impacts of Cap-and-Trade David W. Kreutzer, Ph.D. Senior Policy Analyst for Energy Economics and Climate Change Center for Data Analysis The Heritage Foundation

What Would 70% Less CO2 Mean? 5,000,000,000,000 3,000,000 800,000 600

Cap-And-Trade Apollo 17 Photo

Lost GDP=$5 Trillion

Lost Manufacturing jobs=3 million

Jean-Siméon Chardin www.metmuseum.org The Washerwoman Jean-Siméon Chardin www.metmuseum.org

Lost Jobs Overall=800,000

Green Stimulus Mechanix Illustrated, May 1945

http://www.los-gatos.ca.us/davidbu/pedgen.html

Normalized Hurricane Damage in the United States: 1900–2005 Roger A. Pielke Jr.1; Joel Gratz2; Christopher W. Landsea3; Douglas Collins4; Mark A. Saunders5; and Rade Musulin6

What Would 70% Less CO2 Mean? $5,000,000,000,000 lost GDP (20 years) 3,000,000 lost manufacturing jobs 800,000 lost jobs overall 600 hurricanes of economic damage 0.1-0.2 degrees C difference in 2100

The Cost of Accomplishing Nothing: The Economic Impacts of Cap-and-Trade David W. Kreutzer, Ph.D. Senior Policy Analyst for Energy Economics and Climate Change Center for Data Analysis The Heritage Foundation