August 28, 2009 | WebMemo on Energy and Environment
The Waxman-Markey energy bill, which would restrict greenhouse gas emissions by creating a cap-and-trade system, was passed by the House in June and will likely be considered by the Senate soon.
If this bill becomes law, gasoline prices would increase significantly in order to meet emissions limits imposed by the legislation. To see specific estimates, hover your mouse over each state below:
For further information, see the following key research papers: