Texas Cap and Trade Studies and Reports
The Comptroller’s office conducted an analysis in partnership with the Center for Energy Economics at the University of Texas at Austin’s Bureau of Economic Geology (UT-BEG) to determine the impact of increased energy costs resulting from the proposed cap and trade legislation on the Texas economy.
This study found as a result of increased energy prices due to the proposed cap and trade program:
- Texas could lose 137,000 to 313,000 jobs by 2020 and 170,000 to 425,000 jobs by 2030.
- Gross State Product could decrease by $15 to $33 billion by 2020 and by $25 to $58 billion by 2030.
UT-BEG Center for Energy Economics study: The Proposed American Clean Energy and Security Act of 2009 and Related Energy/ Environment Federal Legislation: Considerations for the Texas Economy
Other Texas Reports
Economic Implications of the EPA Analysis of the CAP and Trade Provisions of H.R. 2454 for U.S. Representative Farms
The Agricultural and Food Policy Center at Texas A&M University
Analysis of Potential Impacts of CO2 Emissions Limits on Electric Power Costs in the ERCOT Region by Electric Reliability Council of Texas (ERCOT) for the Public Utility Commission of Texas (05/12/2009)
- The analysis documented in this report is intended to provide a broad view of the near-term impacts of proposed legislation to limit carbon emissions on the cost and price of electricity in the ERCOT region of Texas.
Governor’s 2008 Texas State Energy Plan by Governor's Competitiveness Council (07/2008)
This plan proposes a road map to guide Texas toward a future with a reliable energy supply that is balanced and competitively priced. It further proposes to give residential customers the tools they need to better manage their energy consumption.
Section 2 specifically focuses on the generation sector, identifies current challenges to the wholesale electricity market, discusses the impact that carbon regulation may have on Texas' ability to meet its future energy needs cost-effectively, and provides energy generation policy recommendations.
2008 Energy Report by Texas Comptroller of Public Accounts (05/06/2008)
- This report provides an overview of a variety of energy sources that Texas can use to meet its future energy demands, with a fact-based assessment of each. The report frames the critical issues and presents the objective information Texans will need to make informed choices about one of the most important issues facing the state.
Other Studies and Reports of Interest
The following reports and studies provide information from a wide array of viewpoints on the impacts associated with greenhouse gas emission regulation proposals.
- Congressional Budget Office:
- The Economic Effects of Legislation to Reduce Greenhouse-Gas Emissions
- The Use of Offsets to Reduce Greenhouse Gas Emissions
- The Estimated Costs to Households from the Cap-and-Trade Provisions of H.R. 2454
- Responses to Questions About the Cost of a Cap-and-Trade Program
- H.R. 2454, American Clean Energy and Security Act of 2009
- Potential Impacts of Climate Change in the United States
- How CBO Estimates the Costs of Reducing Greenhouse-Gas Emissions
- The Distributional Consequences of a Cap-and-Trade Program for CO2 Emissions
- Testimony from the Congressional Budget Office before the United State Senate Committee on Finance, The Distribution of Revenues from a Cap-and-Trade Program for CO2 Emissions
- The Use of Agricultural Offsets to Reduce Greenhouse Gases
- The Costs of Reducing Greenhouse-Gas Emissions
- How Policies to Reduce Greenhouse Gas Emissions Could Affect Employment
- Congressional Research Service:
- Climate Change: Costs and Benefits of the Cap-and-Trade Provisions of H.R. 2454
- Greenhouse Gas Legislation: Summary and Analysis of H.R. 2454 as Reported by the House Committee on Energy and Commerce
- Market-Based Greenhouse Gas Control: Selected Proposals in the 111th Congress
- Climate Change: Potential Regulation of Stationary Greenhouse Gas Sources Under the Clean Air Act
- Summary of Waxman-Markey Draft Greenhouse Gas Legislation
- Climate Change Litigation: A Survey
- Cars and Climate: What Can EPA Do to Control Greenhouse Gases from Mobile Sources?
- Comparison of Climate Change Adaptation Provisions in S. 1733 and H.R. 2454
- Energy Information Administration:
- National Black Chamber of Commerce, Impact on the Economy of the American Clean Energy and Security Act of 2009
- The Brookings Institution, Consequences of Cap and Trade
- U.S. Chamber of Commerce, Impact on the Economy of the Climate Provision in the Obama Administration’s FY 2010 Budget Proposal
- U.S. Government Accountability Office:
- Observations on Options for Selling Emissions Allowances in a Cap-and-Trade Program
- CLIMATE CHANGE POLICY - Preliminary Observations on Options for Distributing Emissions Allowances and Revenue under a Cap-and-Trade Program
- International Climate Change Programs: Lessons Learned from the European Union's Emissions Trading Scheme and the Kyoto Protocol's Clean Development Mechanism