Friday, February 02, 2007

Economic Analysis of Healthy Air Act Released

The bill, passed during the 2005 legislative session, required that an economic analysis of the impacts be done. The report [pdf] has just been released. Key findings (via the Capital):

  • "By joining the program, Maryland would cut emissions by about 10 percent. From 2010 to 2025, that would amount to 60 million tons less in carbon dioxide emissions."

  • "Profits from making electricity would decrease by 13 percent in 2010 and by 12 percent in 2025. Individual company breakdowns weren't calculated."

  • "Electricity demand would decrease by 1.5 percent in 2010 and by 3 percent in 2025. That leads to average annual residential electricity bills dropping $22 in 2010. The price of electricity wouldn't be affected."

  • "There would be a minor positive effect on the overall state economy."

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