This report responds to a request from Senators Lieberman and Warner
for an analysis of S. 2191,
the Lieberman-Warner Climate Security Act of 2007. S. 2191
is a complex bill regulating emissions
of greenhouse
gases through market-
based mechanisms, energy efficiency programs, and economic
incentives.
This analysis focuses on the impacts of the greenhouse gas cap-and-trade program
established under
Title I of S. 2191.
| Excel Spreadsheets |
Reference  |
| S. 2191 Core |
| S. 2191 Limited Alternatives |
| S. 2191 No International |
| S. 2191 Limited/No International |
| S. 2191 High Cost |
| S. 1766 Update |
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(complete Report)  |
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| Preface and Contacts |
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| Executive Summary |
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| Analysis Cases |
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| Key Findings |
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| Additional Insights |
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| 1. Background and Scope of the Analysis |
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| Background |
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| Methodology |
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| Non-CO2 Emission Coverage and Abatement Assumptions |
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| Allowance Banking and Borrowing |
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| Appliance Efficiency and Building codes |
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| Allowances to Load-Serving Entities and Fossil-Fired Powerplant Owners |
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| Analysis Cases |
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| 2. Results |
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| Greenhouse Gas Emissions and Allowance Prices |
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| Allowance and Offset Prices |
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| Emissions Impacts by Source and Sector |
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| Comparison of GHG Emissions in the S. 2191 and S. 1766 Cases |
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| Energy Market Impacts |
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| Electricity Sector Emissions, Generation, and Prices |
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| Emissions |
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| Capacity and Generation |
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| Price and Demand |
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| Coal Market Impacts |
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| Economic Impacts |
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| Allowance Revenues |
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| Impacts on Energy and Aggregate Prices |
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| Real GDP and Consumption Impacts |
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| Industrial Impacts |
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| Uncertainty |
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| Appendix A. Analysis Request Letter |
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| Appendix B. Follow-Up Analysis Request Letter |
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| Appendix C. Detailed Summary of S. 2191 from Sen. Lieberman's Web Site |
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