Policy Impact Analysis - 117/HR/7434

Bill Overview

Title: Federal Carbon Dioxide Removal Leadership Act of 2022

Description: This bill requires the Department of Energy to remove and permanently store, as is economically feasible, specified amounts of carbon dioxide on a specified schedule, culminating in 10 million net metric tons of carbon dioxide removal for FY2035 and each fiscal year thereafter.

Sponsors: Rep. Tonko, Paul [D-NY-20]

Target Audience

Population: People affected by climate change

Estimated Size: 335000000

Reasoning

Simulated Interviews

Small Business Owner (Miami, Florida)

Age: 52 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 20.0 years

Commonness: 6/20

Statement of Opinion:

  • I'm worried about rising sea levels and more intense hurricanes affecting my business and community.
  • Past governments have not done enough to secure our future, so this sounds promising.
  • I hope this policy creates more green jobs, which can help our local economy.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 5
Year 3 8 5
Year 5 8 4
Year 10 9 3
Year 20 8 2

Petrochemical Engineer (Houston, Texas)

Age: 34 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 10.0 years

Commonness: 4/20

Statement of Opinion:

  • These types of policies could threaten jobs in our industry, but I understand the necessity of addressing climate change.
  • We should focus on transitioning smoothly and providing training for new energy jobs.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 7
Year 2 6 7
Year 3 6 7
Year 5 7 6
Year 10 8 5
Year 20 8 4

Barista (Portland, Oregon)

Age: 25 | Gender: other

Wellbeing Before Policy: 8

Duration of Impact: 20.0 years

Commonness: 5/20

Statement of Opinion:

  • I'm thrilled to see action being taken on climate change, which gives hope for a sustainable future.
  • Policies like these can inspire more grassroots initiatives.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 7
Year 3 8 7
Year 5 9 7
Year 10 9 6
Year 20 9 5

Farmer (Kansas City, Missouri)

Age: 46 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 7/20

Statement of Opinion:

  • I support efforts that might make weather more predictable over time, which is vital for farming.
  • However, I'm not sure how immediate the benefits will be for us farmers.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 7 5
Year 5 7 4
Year 10 8 3
Year 20 8 2

Tech Entrepreneur (San Francisco, California)

Age: 39 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 20.0 years

Commonness: 3/20

Statement of Opinion:

  • This policy is an opportunity for tech innovation in sustainable practices.
  • There's potential for economic growth if we embrace renewable technologies.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 8 7
Year 5 9 7
Year 10 9 6
Year 20 9 5

Retired Auto Worker (Detroit, Michigan)

Age: 62 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 10.0 years

Commonness: 4/20

Statement of Opinion:

  • I'm used to seeing jobs affected by shifts like this, but it's necessary for our environment.
  • I hope new policies protect worker pensions and livelihoods.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 5
Year 2 5 5
Year 3 5 4
Year 5 6 3
Year 10 6 3
Year 20 6 2

Research Scientist (Boulder, Colorado)

Age: 29 | Gender: female

Wellbeing Before Policy: 8

Duration of Impact: 20.0 years

Commonness: 3/20

Statement of Opinion:

  • It's motivating to see policies that align with scientific data I've researched on climate change.
  • These government actions can enhance research opportunities and effectiveness.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 9 8
Year 2 9 7
Year 3 9 7
Year 5 9 6
Year 10 10 5
Year 20 10 4

Fisherman (New Orleans, Louisiana)

Age: 55 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 20.0 years

Commonness: 3/20

Statement of Opinion:

  • Any action to counteract climate change is crucial for the future of fishing.
  • I'll be looking for definitive benefits to our coastal and ocean ecosystems.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 7 4
Year 3 7 4
Year 5 8 3
Year 10 9 2
Year 20 9 1

College student (New York City, New York)

Age: 21 | Gender: female

Wellbeing Before Policy: 9

Duration of Impact: 20.0 years

Commonness: 4/20

Statement of Opinion:

  • This policy is inspiring and shows real leadership on climate action.
  • I hope it encourages global efforts matching this initiative.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 9 9
Year 2 9 8
Year 3 9 8
Year 5 9 8
Year 10 9 7
Year 20 9 6

Manufacturing Plant Manager (Los Angeles, California)

Age: 40 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 5/20

Statement of Opinion:

  • Preparing for changes will be key; I hope we're assisted in these transitions.
  • It's a challenging situation where environmental responsibility meets economic pressures.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 6
Year 2 5 5
Year 3 6 5
Year 5 6 4
Year 10 7 3
Year 20 7 3

Cost Estimates

Year 1: $750000000 (Low: $500000000, High: $1000000000)

Year 2: $800000000 (Low: $550000000, High: $1050000000)

Year 3: $850000000 (Low: $600000000, High: $1100000000)

Year 5: $900000000 (Low: $650000000, High: $1150000000)

Year 10: $1000000000 (Low: $700000000, High: $1200000000)

Year 100: $2000000000 (Low: $1500000000, High: $2500000000)

Key Considerations