Concerns about expected increases in energy and other agricultural input costs have led some to oppose greenhouse gas cap-and-trade legislative proposals. However, these policies could result in significant revenue for U.S.

The objective of this report is to illustrate insights into alternative policy options and the potential impact nationally and explicitly at the state level associated with a modest GHG control policy. Differences in the structure of the economy across the United States are likely to cause these impacts to diverge from those estimated for the country as a whole.