Article
A Cap’s in Hand
This article appeared in World Energy Book 2007.
Paper
Early Observations on the European Union’s Greenhouse Gas Emission Trading Scheme
As of February 2006 161 countries had ratified the 1997 Kyoto Protocol, which entered into force on February 16, 2005 (United Nations 2006). The Protocol signifies broad international agreement that the developed nations should take the lead in reducing greenhouse …
Publication
Market Mechanisms for Greenhouse Gas Emissions Reductions: Lessons for California
California is currently considering legislation that would establish state-wide caps on greenhouse gas emissions. This paper is based on extensive research by the Pew Center and others on the use of market mechanisms to reduce greenhouse gas emissions. It begins …
Publication
Emissions Trading in the U.S.: Experience, Lessons, and Considerations for Greenhouse Gases
In recent years, emissions trading has become an important element of programs to control air pollution. Experience indicates that an emissions trading program, if designed and implemented effectively, can achieve environmental goals faster and at lower costs than traditional command-and-control …
Publication
The Emerging International Greenhouse Gas Market
As businesses, policy-makers, and other stakeholders around the world have become familiar with greenhouse gas emissions trading, it has emerged as the policy of choice to address climate change. Now—with the recent agreements in Bonn and Marrakech, with new carbon …
Publication
International Emissions Trading & Global Climate Change: Impacts on the Cost of Greenhouse Gas Mitigation
Several factors influence the costs of greenhouse gas mitigation. This report illustrates the importance of one such factor—international emissions trading—in reducing the costs of carbon control. The authors find that an international greenhouse gas emissions trading regime will significantly lower …