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Abstract: . . . “Analysis of Strategies for Reducing Multiple Emissions from Electric Power Plants,” 2001, p. xvii. 100. Michaels and Balling, p. 199. 101. EIA, “Annual Energy Outlook 2000,” p. 40. Published by the Cato Institute, Policy Analysis is a regular series evaluating government policies and offering proposals for reform. Nothing in Policy Analysis should be construed as necessarily reflecting the views of the Cato Institute or as an attempt to aid or hinder the passage of any bill before congress. Contact . . . . . . or hinder the passage of any bill before congress. Contact the Cato Institute for reprint permission. Additional copies of Policy Analysis are $6.00 each ($3.00 each for five or more). To order, or for a complete listing of available studies, write the Cato Institute, 1000 Massachusetts Ave., N.W., Washington, D.C. 20001, call toll free 1-800-767-1241 (noon - 9 p.m. eastern time), fax (202) 842-3490, or visit our website at www.cato.org. 16 . . . . . . benefits of restricting fossil fuel consumption outweigh the costs. 70 And unless the benefits of “doing something” about global warming outweigh the costs, the efficient greenhouse gas “tax” on coal- or gas-fired electricity is zero. Accordingly, the case for promoting renewable energy to “do something” about global warming is empirically weak. Moreover, as we discussed earlier, embracing a policy of “doing 8 something” about global warming does not necessarily translate into a policy of subsidizing . . . . . . views of the Cato Institute or as an attempt to aid or hinder the passage of any bill before congress. Contact the Cato Institute for reprint permission. Additional copies of Policy Analysis are $6.00 each ($3.00 each for five or more). To order, or for a complete listing of available studies, write the Cato Institute, 1000 Massachusetts Ave., N.W., Washington, D.C. 20001, call toll free 1-800-767-1241 (noon - 9 p.m. eastern time), fax (202) 842-3490, or visit our website at www.cato.org. 16 . . . . . . ix. 74. Ibid. 75. Ibid., p. 5. 76. Ibid., pp. ix–x. 77. Data from the Department of Energy reported in Bradley, “Renewable Energy,” p. 63. 78. This section does not explore the employment or macroeconomic impacts of the various emissions reduction or renewable energy portfolio programs discussed herein. For a review of such effects, see EIA, “Analysis of Strategies for Reducing Multiple Emissions from Electric Power Plants,” 2001, pp. 63–69. 79. Texas and New Jersey have adopted the most aggressive . . . . . . and the Clean Air Act,” Journal of Economic Perspectives 4 (Fall 1990): 173–81. 67. U.S. General Accounting Office, “Electricity Supply: Consideration of Environmental Costs in Selecting Fuel Resources,” May 19, 1995, p. 2, quoted in Paul Ballonoff, Energy: Ending the Never-Ending Crisis (Washington: Cato Institute, 1997), p. 55. 68. For an overview of the scientific disputes, see Patrick Michaels and Robert Balling, The Satanic Gases: Clearing the Air about Global Warming (Washington: Cato Institute, . . . --3000,6,250,3369,58767
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