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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The Cost of Accomplishing NothingThe Economic
Impacts of Cap-and-TradeDavid W. Kreutzer,
Ph.D.Senior Policy Analyst for Energy Economics
and Climate ChangeCenter for Data AnalysisThe
Heritage Foundation
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What Would 70 Less CO2 Mean?

• 5,000,000,000,000
• 3,000,000
• 800,000
• 600

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Cap-And-Trade
Apollo 17 Photo
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Lost GDP5 Trillion
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Lost Manufacturing jobs3 million
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The Washerwoman Jean-Siméon Chardin
www.metmuseum.org
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Lost Jobs Overall800,000
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Green Stimulus
Mechanix Illustrated, May 1945
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http//www.los-gatos.ca.us/davidbu/pedgen.html
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Normalized Hurricane Damage in the United
States 19002005 Roger A. Pielke Jr.1 Joel
Gratz2 Christopher W. Landsea3 Douglas
Collins4 Mark A. Saunders5 and Rade Musulin6
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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

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The Cost of Accomplishing NothingThe Economic
Impacts of Cap-and-TradeDavid W. Kreutzer,
Ph.D.Senior Policy Analyst for Energy Economics
and Climate ChangeCenter for Data AnalysisThe
Heritage Foundation
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