Cap and Trade Articles

  • Cap-and-trade and carbon tax: time for another look at the relative costs

    The author of this article describes findings by the Congressional Budget Office and others that a carbon tax would be less costly than cap-and-trade in achieving any given level of greenhouse gas reductions. Noting there now may be political space to address cost differences between the version of cap-and-trade in the Waxman-Markey Bill (H.R. 2454) and a tax, the author says that a widened ...


    By Bloomberg BNA

  • CBI calls for a global cap-and-trade scheme

    CBI calls for a global cap-and-trade scheme and voice concerns at government plans to impose a new per-plane tax on ...


    By Vital Energi

  • Federalism in the greenhouse: Defining a role for states in a federal cap-and-trade program

    Defining a role for states within a federal cap-and-trade program will require balancing the benefits of preserving states’ ability to innovate and spur emissions reductions with the challenges that state-by-state regulation may create for some businesses. Finding the approach that draws on the unique strengths of each level of government will help ensure a more effective nationwide ...

  • California explores a state-wide cap-and-trade system for air emissions

    Stakeholders were given the opportunity to provide specific technical input concerning various elements of the program design that may become part of the Assembly Bill (AB) 32 Scoping Plan. AB 32 includes specific criteria that the Californian Air Resources Board (ARB) must consider before using market-based measures to implement AB 32, and ARB will evaluate a possible cap-and-trade system ...

  • Optimal emission-dependent production policy with stochastic demand

    The paper addresses the issue of manufacturer's optimal production policy under stochastic demand in an emission 'cap and trade' system, in which emission permit becomes another essential factor for production. Three typical sources of emission permits are considered, including emission quota allocated by the government, permits purchased via emission trading, and emission savings via ...


    By Inderscience Publishers

  • Allocation of greenhouse gas allowances in the United States – A northeastern example

    The Regional Greenhouse Gas Initiative (RGGI) initiated the first regional greenhouse gas emissions trading system in the United States. This cap-and-trade program will begin on 1 January 2009 and will include sources from the electricity generating sector. To date, 10 northeastern states have committed themselves to participating, and each state is currently developing laws and regulations to ...

  • Emissions Trading (Cap and Trade)

    The Kyoto Protocol, adopted by 170 nations but not the US, established the initial carbon trading market. The goal of an emissions trading plan is to reduce emissions of greenhouse gases. Typically, a government agency sets an annual limit (cap) on the amount of emissions generated. Companies that emit greenhouse gases are given credits or allowances which represent the right to emit a ...


    By BSC Sustainability Services

  • Cap and trade: early action `bonuses` under the Lieberman-Warner Bill

    Although it is likely to be several years before a national cap-and-trade program is up and running, there are good reasons for companies that would be subject to greenhouse gas emission caps to start taking inventory of their emissions. The authors note that under legislation pending in Congressespecially the Lieberman-Warner bill in the Senatesignificant opportunities exist for companies to ...


    By Bloomberg BNA

  • A `safety deposit' mechanism for US climate policy

    US policy makers are currently evaluating options to reduce domestic carbon dioxide emissions, and several economy-wide cap-and-trade proposals have been put forward in the 111th Congress. Despite mounting enthusiasm for cap-and-trade, advocates of this approach have had to defend such proposals against the criticisms that prices in the resulting carbon market will be unstable and that the ...

  • The Bottom Line Series: Cap-and-trade

    Cap-and-trade programs are the foundation of many climate policy proposals and have been a focus of debate in state, regional, and national legislatures. This fact sheet provides answers to some of the basic questions about cap-and-trade programs and reviews how such a system might work in the United States. What is a cap-and-trade program? A cap-and-trade program sets a maximum limit, or a ...

  • Efficiency left out of cap and trade

    Waxman/Markey’s climate change bill is about 1,400 pages. Its length and complexity, alone, provides fuel for its opponents. Would it stand a better chance of enactment if it encompassed less?For example, would it have been wiser if Congress pursued cap and trade one year and a renewable energy standard another? I’ve asked this question a lot during interviews the past few weeks, and received a ...

  • `Major Stationary Sources - What’s New, What’s Changing and What to Do About It,` presented at the 2006 PA Chamber Annual Environmental Laws and Regulations conference

    Clean Air Mercury Rule(CAMR) Session Objectives Background on CAMR Rule NSPS & Cap-and-Trade Program Monitoring and Controlling HgEmissions Pennsylvania’s Proposed Hg Rule Clean Air Rules Clean Air Nonroad Diesel Rule Clean Air Ozone Rules 8-hour ozone ...


    By Trinity Consultants

  • Bottom line on regional cap-and-trade programs

    Three regional greenhouse gas cap-and-trade programs are either in the planning stages or operational in North America. This brief discusses each of the programs. What is happening on the regional level and why is this significant? Twenty-three U.S. states and four Canadian provinces are actively participating in the design and implementation of three regional cap-and-trade programs to ...

  • Emission reductions under the American clean energy and security act

    This analysis provides an assessment of reductions in greenhouse gas (GHG) emissions relative to total U.S. emissions that could be achieved by cap-and-trade proposals currently submitted in the 111th Congress. A full description of the methods and assumptions behind this analysis can be found in the Appendix of the PDF document. This assessment is an update to a previous analysis released on May ...

  • Does emissions trading lead to air pollution hot spots? Evidence from an urban ozone control programme

    This study is an empirical investigation into the contentious issue of possible sub-area hot spots caused by emissions trading in a pioneering application of a cap-and-trade market approach to reducing aggregate stationary-source volatile organic compound emissions in the Chicago severe ozone non-attainment region. When sub-areas are defined as populated zip codes, 89 out of 95 affected codes ...


    By Inderscience Publishers

  • The bottom line series: Carbon taxes

    Climate policy debates often feature discussions about the role of a carbon tax, either as an alternative or a supplement to a cap-and-trade program. This fact sheet describes the similarities and differences between the two policy approaches and answers other common questions about a tax on carbon. What is a carbon tax? A carbon tax is a fee imposed on fossil fuels, and other primary products ...

  • Trading NOx in the North-east USA

    Controlling ozone raises thorny issues. Daniel Chartier examines the US ‘cap and trade’ approach to the problem. The problem of ozone in the Northeastern US has been a persistent one. Throughout the North-eastern and Mid-Atlantic US the federal National Ambient Air Quality Standard (NAAQS) for ground level ozone is exceeded repeatedly each summer.  Despite attempts to deal with the ozone ...

  • The emerging Canadian carbon market: New fundamentals and opportunities

    Steps have recently been taken by the Ontario government to implement a cap and trade system in Ontario, and by the Canadian federal government to facilitate trading of offset credits for greenhouse gas ('GHG') emissions.Ontario introduced enabling legislation on May 27, 2009 (Bill 185) to amend the Environmental Protection Act (Ontario) to allow the provincial government to establish a cap and ...


    By McMillan LLP

  • Efficiency’s role in carbon cap-and-trade

    We hear a lot about how efficiency will play an increasingly important role as the United States undertakes efforts to reduce carbon dioxide emissions. But how does that play out in a practical sense under cap-and-trade programs?The Offset Quality Initiative provides insight in a new white paper on greenhouse gas offsets: ...

  • Environmental Policies under Obama: Is change in the air?

    As the Democratic candidate for President, Illinois Senator Barack Obama laid out his key strategies for energy and the environment. As detailed in campaign speeches and on his official Web site Obama promised a comprehensive New Energy for America plan that would accomplish the following goals:  Provide short-term relief to American families facing pain at the pump;  Help create five ...

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