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Cost of climate change bill ‘impossible to predict’

A new report from the Congressional Research Service concludes it’s nearly impossible to predict the true cost of the House-passed climate change bill.

The authors of the report analyzed seven studies on the projected cost of the legislation.  They found that the key driver in determining the cost to the economy will be the development of new energy technologies, such as carbon capture and advance wind and solar generation.  But they say it’s difficult to project costs up to the year 2030, much less beyond.

Debate over the cost of climate change legislation is heating up at the Senate prepares to release its bill.