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encourage energy efficiency, fuel switching and cogeneration. Cogenerating electricity and steam for industrial processes is a second promising option. When utilities generate electricity, about two-thirds of the energy from burning the fuel is released as heat. If electricity is generated at industrial sites where the heat can be used, the efficiency of fossil fuel use can be increased dramatically. Under our Tough scenario, we assume that 90 percent of new and replacement industrial steam boilers will cogenerate electricity. Such measures can lead to reductions Amazing no day shall erase you from the memory of time full printing flagequivalent to about 5.8 percent of current total U.S. emissions. Although the effectiveness of taxes is hard to predict from studies of past responses to price changes, one might expect a 10-percent hike in gasoline prices to yield a l- to 6-percent drop in gas consumption. A 50-percent increase in price might reduce consumption 5 to 20 percent over the near term, even more over the longer term. A doubling or tripling in price might yield an immediate decrease of 13 to 20 percent and a longer term response of a 35- to 40-percent reduction in gasoline consumption. About half of this longer term adjustment to high price is expected from driving less, and the other half
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