How CBO Analyzes the Effects of Charging the Oil and Gas Industry for Methane Emissions

Congressional Budget Office

No 58166, Reports from Congressional Budget Office

Abstract: Methane is a greenhouse gas, which traps heat in the atmosphere. It has a stronger warming effect than carbon dioxide but remains in the atmosphere for a shorter period. This report outlines CBO's approach to analyzing the nonbudgetary effects of charging the oil and gas industry for methane emissions. It generally describes how imposing such a charge affects emissions, companies’ costs, and natural gas prices. (The 2022 reconciliation act, signed into law on August 16, 2022, imposes such a charge.)

JEL-codes: H00 H20 Q54 (search for similar items in EconPapers)
Date: 2022-08-31
New Economics Papers: this item is included in nep-ene and nep-env
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cbo.gov/system/files/2022-08/58166-methane-emissions.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbo:report:58166

Access Statistics for this paper

More papers in Reports from Congressional Budget Office Contact information at EDIRC.
Bibliographic data for series maintained by ().