Background Paper: How CBO Estimates the Costs of Reducing Greenhouse-Gas Emissions
Intro
In accordance with the Congressional Budget and Impoundment Control Act of 1974, the Congressional Budget Office (CBO) assists the Congress by providing estimates of the costs the government could expect to incur as a result of enacting various legislative proposals. As the Congress has taken up the issue of addressing the risks associated with climate change, CBO has produced several estimates of the budgetary impact of policies designed to mitigate emissions of greenhouse gases (GHGs).