3 Questions: Sergey Paltsev on the costs of climate-change legislation

Sergey Paltsev, a principal research scientist in MIT`s Joint Program on the Science and Policy of Global Change, was the lead author of a recent report that analyzed the costs of climate legislation currently being debated in Congress. The analysis looked at the costs associated with the Waxman-Markey bill that was passed in June, and found the bill`s cap-and-trade provisions would have an average annual cost per U.S. household of $400.

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