US report shows cap-and-trade scheme won't hit economy, boosts pressure to pass bill
5 May 2008

The proposed United States cap-and-trade scheme would result in GDP being just 0.3 per cent lower than business-as-usual projections by 2030, a new study shows.
Critics of the proposed Lieberman-Warner bill, which proposes a 70 per cent cut in emissions by 2050 and the development of a wide reaching cap-and-trade scheme encompassing nearly 80 per cent of the economy, have argued that it would have a crippling effect on the economy.
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