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Wide Range Of Cost Hikes Seen With Lieberman-Warner
People will be paying higher energy prices under a Senate bill to limit greenhouse gases, but how much will depend on how well the country can shift away from burning fossil fuels, an Energy Department analysis said Tuesday.
The Energy Information Administration said annual energy costs could increase on average as little as $30 or up to 10 times that by 2020. The projected cost increases per household ranged from $76 to $723 a year more by 2030.
The agency said the difference depends on how successful the country is in shifting energy production from coal and oil to nuclear, solar and wind energy, and how much it adopts conservation measures.
Legislation sponsored by Sens. Joseph Lieberman, D-Conn., and John Warner, R-Va., calls for capping carbon dioxide emissions from power plants, transportation and industrial sources to attain a reduction of 70 percent in greenhouse gases by mid-century.
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4/30/2008 AM Contents
- Old Bill Might Carry War Funds Measure
- FDA: Millions More Needed For Inspections
- White House Threatens To Veto FAA Reauthorization Bill
- Dems Seek To Engage Administration In Battle Over Torture
- Blue Dogs Get Deal With Spratt, Conrad On Point Of Order
- Key Farm Bill Negotiators Say They Have Closed The Deal
- Senate Names Conferees To Consumer Health Conference
- Dodd Jumps Into The Fray With Bill To Curb Card Abuses
- DOD Procurement Delays, Cost Overruns Rile Lawmakers
- GAO: EPA Process For Rating Industrial Chemicals Poses Risk
- Tauscher Urges NATO To Spend More On Missile Defenses
- In Wake Of Bush Comments, Everyone's Got A Proposal
- White House Forces Resignation Of Embattled GSA Chief
- Reid Offers White House A Proposal To End FEC Stalemate
- Senate Panel Considers Whether OSHA Has Tools It Needs
- Cabinet Secretaries Urge Full Funding Of America Competes
- Advocates Urge More Funding For Homeless Youth
PEOPLE
OUTSIDE INFLUENCES
HILL BRIEFS
- Wide Range Of Cost Hikes Seen With Lieberman-Warner
- Head Of Fannie Mae Sees Slump Until 2010
- AARP Outlines Priorities For FY09 Appropriations