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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 on theme: "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."— Presentation transcript:

1 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

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

3 Cap-And-Trade Apollo 17 Photo

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6 Lost GDP=$5 Trillion

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9 Lost Manufacturing jobs=3 million

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

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13 Lost Jobs Overall=800,000

14 Green Stimulus Mechanix Illustrated, May 1945

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16 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

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19 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 degrees C difference in 2100

20 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

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