Climate Stewardship Acts

Their aim was to introduce a mandatory cap and trade system for greenhouse gases, as a response to the threat of anthropogenic climate change.

[1] The economic consultancy Charles River Associates produced forecasts showing a negative impact on employment of the Act.

[3] A 2021 study concluded their work from the 1990s to the 2010s overestimated predicted costs and ignored potential policy benefits, and was often presented by politicians and lobbyists as independent rather than sponsored by the fossil fuel industry.

Other papers published in the late 1990s by economists at Wharton Econometric Forecasting Associates (and later, in the 2010s, at MIT), also with funding from the fossil fuel industry, produced similar conclusions.

The Act now called for the federal government to play a lead role in researching and commercialising new energy technologies, and particularly nuclear plant designs.