Argument: Emissions trading increases government costs and lowers revenue

Issue Report: Carbon emissions trading


US Congressional Budget Office April 2007 Report, “Trade-Offs in Allocating Allowances for CO2 Emissions”: “Any policy that reduced U.S. emissions of carbon dioxide would inevitably create costs for existing workers. Job losses could occur throughout the economy but would probably be especially large (in percentage terms) in industries associated with high-carbon fuels.”