Oversight Hearing on the Kyoto Protocol: The Undermining of American Prosperity : Hearing Before the Committee on Small Business, House of Representatives, One Hundred Fifth Congress, Second Session, Washington, DC, June 4, 1998, Volume 4U.S. Government Printing Office, 1998 - 228 pages |
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Page 2
... companies would be forced to raise their prices due to increased energy prices and would not be able to com- pete with companies in developing countries such as China and Mexico . As a result , U.S. exports would become relatively more ...
... companies would be forced to raise their prices due to increased energy prices and would not be able to com- pete with companies in developing countries such as China and Mexico . As a result , U.S. exports would become relatively more ...
Page 23
... companies in the United States and that's good from both sides . The alternative to that is saying to our own com- panies , no matter what it costs you , you have to undertake emis- sions reductions here . Why should we do that to our ...
... companies in the United States and that's good from both sides . The alternative to that is saying to our own com- panies , no matter what it costs you , you have to undertake emis- sions reductions here . Why should we do that to our ...
Page 28
... companies to invest in foreign countries to create a comparative trade advan- tage for them . Is that in essence what you're saying ? Dr. YELLEN . What I've said is that our policy is that our firms should be able to satisfy the ...
... companies to invest in foreign countries to create a comparative trade advan- tage for them . Is that in essence what you're saying ? Dr. YELLEN . What I've said is that our policy is that our firms should be able to satisfy the ...
Page 37
... devastation , for example , brought on truckers , delivery companies , and cab drivers due to higher diesel and gas prices ; bakeries , grocery stores , and delis due to higher electricity costs ; small manufacturers due to across - the 37.
... devastation , for example , brought on truckers , delivery companies , and cab drivers due to higher diesel and gas prices ; bakeries , grocery stores , and delis due to higher electricity costs ; small manufacturers due to across - the 37.
Page 38
... companies will not be able to shift their operations overseas as large businesses can and no doubt will . They will face tougher com- petition from imports from nonparticipating countries . The Kyoto Protocol choices are clear . First ...
... companies will not be able to shift their operations overseas as large businesses can and no doubt will . They will face tougher com- petition from imports from nonparticipating countries . The Kyoto Protocol choices are clear . First ...
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achieve Administration Administration's agreement ALFORD American analysis benefits CAFE carbon dioxide carbon emissions carbon tax Chairman TALENT Clean Development Mechanism Climate Challenge commitments Committee companies Competitive Enterprise Institute compliance consumers costs credits developing countries developing country participation developing nations Discussion Only 9:48 Draft For Discussion economic impact emissions permits emissions reductions emissions trading energy efficiency energy prices environmental EPA Draft estimates example Federal flexibility fossil fuel Funding gallon gas prices gases gasoline GELLER global warming Global Warming Treaty going greenhouse gas emissions Implementation Problems incentives increase initiatives investment issue Janet Yellen joint implementation KEATING Kyoto Protocol levels manufacturers MILLENDER-MCDONALD million natural gas negotiations option percent below 1990 pollution potential President produce question reduce emissions reduce greenhouse gas require result risks sector Senate sinks small businesses standards sweeteners technologies testimony Thank U.S. economy United YELLEN
Popular passages
Page 166 - ... billion per year. These steps should be taken regardless of Kyoto, because they make sense in terms of energy efficiency. But they have the added benefit of preparing us for Kyoto. Estimated Reduction in Costs from Annex I Trading In the language of the treaty, "Annex I," is the set of countries that have agreed to take on binding limitations in emissions of greenhouse gases. Even without meaningful developing country participation — which, again, the President has emphasized is essential before...
Page 154 - C02, the IPCC estimates that global temperatures will increase by between 2 to 6 degrees Fahrenheit in the next 100 years, with a best guess of about 3.5 degrees Fahrenheit.
Page 171 - The predictions of the SGM model are robust in the sense that virtually all energy models reveal the potency of effective, flexible, domestic and international trading mechanisms to reduce substantially the cost and energy price impact of meeting the Kyoto targets. Of course, the most important factor that has been left out of the above assessment is the benefit of mitigating climate change itself. A full cost-benefit analysis would include mitigation in the benefits column. The only reason we have...
Page 153 - R&D investments over the next 5 years; this package makes good sense in terms of energy policy and will jumpstart our efforts. A final component of the President's climate change policy is his support for electricity restructuring in a manner that will offer approximately $20 billion in cost savings to electricity consumers, while reducing greenhouse gas emissions.
Page 161 - EPA's highly acclaimed sulfur dioxide (SO;) program, which relies, among other things, on a system of tradeable permits to reduce emissions of SO,, from electric utilities. The SO,. program has been successful in several ways: a large number of utilities participate, SO.. emissions and ambient concentrations have fallen and the costs of reducing emissions are considerably lower than originally forecast As has been frequently noted, the average cost of SO...
Page 137 - Our ability to quantify the human influence on global climate is currently limited because the expected signal is still emerging from the noise of natural variability, and because there are uncertainties in key factors.
Page 157 - ... economic analysis suggests that two elements are absolutely essential: The effort must be global, to address the global externality inherent in the nature of the problem. The effort must be flexible and market-based, to ensure that we achieve our objectives in the most efficient manner possible. Need for Global Action Climate change is a global problem requiring a global solution. As I mentioned earlier, no single country has an incentive to reduce emissions sufficiently to protect the global...
Page 166 - The package also contains $2.7 billion over the next 5 years in additional research and development investments — covering the four major carbon-emitting sectors of the economy (buildings, industry, transportation, and electricity), plus carbon removal and sequestration. Federal facilities, and cross-cutting analyses and research. One example of the R&D effort is the Partnership for a New Generation of Vehicles (PNGV). PNGV is a government-industry effort to develop attractive, affordable cars...
Page 168 - The more developing countries that take on modest binding targets and trade in international permit markets, the lower will be costs. These cost-saving opportunities are fundamental tenets of the US position The promise of Kyoto cannot be achieved without effective emissions trading. Moreover, if we do not get meaningful participation by key developing countries, we won't submit the treaty for ratification to the Senate. So, while our analysis may be predicated on some ambitious conditions concerning...
Page 158 - US, for industry, they were 5 cents per kilowatt hour in 199S, a fraction of prices in Switzerland of 13 cents per kilowatt hour. Yet US industry is not moving en masse to Venezuela, nor is Swiss industry moving to the United States. Third, roughly two-thirds of all emissions are not in manufacturing at all, but in transportation and buildings, sectors which, by their very nature, are severely limited in their ability to relocate to other countries. We therefore believe we need...