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EFFIIENCY COULD CUT ENERGY USE/CO2 EMISSIONS IN HALF.

Article Excerpt
The good news is that most economists -including both critics and supporters of climate and energy legislation --are getting it wrong today when it comes to forecasting the impact of reducing greenhouse gases on the U.S. economy, according to the independent American Council for an Energy-Efficient Economy (ACEEE). A major new ACEEE report finds that U.S. energy consumption and the greenhouse gas emissions could both be cut about in half by 2050 through increased energy efficiency, while achieving "a small but net positive gain" in the economy.

Titled "The Positive Economics of Climate Change Policies: What the Historical Evidence Can Tell Us," the ACEEE report states: "Most economic policy models now suggest a significantly negative impact on the economy if U.S. policy makers choose to reduce greenhouse gas emissions to any significant extent. There are a number of reasons for these inappropriate outcomes. Primarily, they are an artifact of the models and...

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