The Competitiveness Impacts of Climate Change Mitigation Policies

In the debate over mandatory policy to reduce the United States

First, the analysis indicates that, at a carbon dioxide price of $15 per ton, the competitiveness concern does not extend to the economy as a whole, but rather centers on a fairly narrow segment of U.S. industry — energy-intensive industries whose goods are traded internationally. Second, it projects that at that price, energy-intensive sectors will experience only modest declines in production. Third, most of the projected economic impact on energy-intensive industries reflects a move toward less emissions-intensive products