Energy Market Impacts of Alternative Greenhouse Gas Intensity Reduction Goals

This report was prepared by the Energy Information Administration, the independent statistical and analytical agency within the Department of Energy. The information contained herein should be attributed to the Energy Information Administration and should not be construed as advocating or reflecting any policy position of the Department of Energy or any other organization. Service Reports are prepared by the Energy Information Administration upon special request and are based on assumptions specified by the requester. The Energy Information Administration (EIA) is the independent statistical and analytical agency within the Department of Energy. EIA provides timely, high-quality energy information and prepares objective, transparent analyses for use of Congress, the Administration and the public. EIA does not, however, take positions on policy issues. Because of EIAs statutory independence with respect to the content of its energy information program, the analysis presented herein is strictly its own and should not be construed as representing the views of the U.S. Department of Energy or the Administration. The model projections in this report are not statements of what will happen but of what might happen, given the assumptions and methodologies used. The reference case projections are business-as-usual trend forecasts, given known technology, technological and demographic trends, and current laws and regulations. Thus, they provide a policy-neutral starting point that can be used to analyze policy initiatives. EIA does not propose, advocate, or speculate on future legislative and regulatory changes. All laws are assumed to remain as currently enacted; however, the impacts of scheduled regulatory changes, when defined, are reflected.