Road from Kyoto: The Kyoto Protocol's impacts on U.S. energy markets and economic activity

5-Year Ramp achieve agreement analysis Annual assumptions Average baseline capacity carbon emissions carbon permit values carbon reductions carbon stabilization Chairman SENSENBRENNER Change from Base Clean Air clean development mechanism climate change coal cogenerators combustion-related carbon emission commercial compliance consumers COST OF EARLY credits decline developing countries EARLY ACTION ECONOMIC COST electricity emissions reductions emissions trading Emissions Trading Program energy consumption energy efficiency Energy Information Administration energy intensive energy prices environmental exports Figure forecast fossil fuels gases gasoline GDP loss GHG emissions budget gigawatts Global Climate Global Climate Coalition GLOBAL WARMING greenhouse gas emissions growth impact incentives Includes increase industries investment joint implementation Kyoto agreement Kyoto Protocol lower macroeconomic manufacturing MCGINTY million metric tons natural gas output percent Petroleum Policy Base 1344 potential production projected real GDP reducing carbon emissions renewable energy residential result savings scenario sector SO2 emissions sources technologies Total transportation treaty United utilities vehicle Washington