This article originally appeared in Point Carbon News. At the heart of any successful cap-and-trade program is a well-functioning market for the trading of emissions allowances. At the same time, the recent high-profile market scandals and crises have led …
At the heart of any successful cap-and-trade program is a well-functioning market for the trading of emissions allowances. The sulfur dioxide allowance market created under 1990 Clean Air Act Amendments to control acid rain is an example of such a …
Coal is an inexpensive and abundant domestic energy resource; the United States has larger coal reserves than any other country—likely enough to sustain current production levels for more than two centuries. Coal prices are generally less volatile than those of …
Agriculture, likely one of America’s most vulnerable sectors to a changing climate, has much to gain from a comprehensive climate policy. Agriculture’s vulnerability to climate change was highlighted in a recent study by the U.S. Global Change Research Program (including …
On June 26, 2009, the American Clean Energy and Security Act (ACES Act) was passed by the U.S. House of Representatives by a vote of 219 to 212. The bill contains five distinct titles: I) clean energy, II) energy efficiency, …
This brief explains how and why renewable energy certificates (RECs) differ from greenhouse gas (GHG) emission offsets (offsets). While the Offset Quality Initiative (OQI) is a strong supporter of renewable energy and believes it has a critical role to play …
Recent discussions in the United States have raised questions about the performance of the European Union’s Emissions Trading System (ETS). Some argue that this cap-and-trade system has not significantly reduced greenhouse gas emissions, has conferred windfall gains on firms receiving …
Cap and trade and a carbon tax are two distinct policies aimed at reducing greenhouse gas (GHG) emissions. Each approach has its vocal supporters. Those in favor of cap and trade argue that it is the only approach that can …
On January 15, 2009, the US Climate Action Partnership (USCAP) issued the Blueprint for Legislative Action – a detailed framework for legislation to address climate change. The Blueprint represents two years of work by USCAP members building on our January …
This paper provides an overview of the different point-of-regulation options for covering greenhouse gas emissions from natural gas under a cap-and-trade program. The paper assesses the percentage of emissions covered under the different options and the type and number of entities …