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The Carbon Scoring Act of 2024 requires the Congressional Budget Office (CBO) to develop greenhouse gas emissions modeling capacity and provide carbon emissions estimates for legislation. The bill mandates that the CBO establish models to estimate the effects of policies on emissions across the power, transportation, industrial, and building sectors on specified timelines, and publish annual reports on its modeling capabilities. For bills with significant budgetary effects that contain greenhouse gas-related provisions, the CBO must prepare emissions estimates showing the climate-related costs or savings, calculated using the social cost of greenhouse gases, and include these estimates in committee reports.
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