STATES' CLIMATE MODEL SUGGESTS EFFICIENCY MAY LIMIT COSTS, LEAKAGE

New modeling data on New England's upcoming greenhouse gas cap-and-trade program suggests that major energy efficiency efforts could allow for a modest carbon dioxide (CO2) cap at very little cost to the economy, while also minimizing concerns about emissions "leakage" to other parts of the country, sources familiar with the modeling say. But industry officials are raising a host of concerns with the new modeling results. They question whether significant energy efficiency gains are feasible and say the model may...