Global Warming: CBO Director on Economic Effects of Legislation

The director of the CBO, Doug Elmendorf, wrote an interesting blog post summarizing the findings from the analysis of some proposed policy changes concerning the limiting of green house gases. I found them very interesting.

It seems inevitable that some at least short term damage will have to be done to the economy to get the emissions under control, but considering that the companies powering the economy are largely responsible for the high emissions, of course their behavior must change.

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