Designing a Cap-and-Trade Program For the Midwest

Climate;Business

Kathryn Zyla ; Joshua Bushinsky (Pew Center on Global Climate Change)

World Resources Institute

关键词: climate change;    greenhouse gas accounting;    market trading;    us policy;   

学科分类：环境科学（综合）

美国|英语

来源: World Resources Institute Publication

【 摘 要 】

The Greenhouse Gas Accord announced by ten Midwestern governors in November 2007 involves nearly one fourth of U.S. greenhouse gas emissions in a regional agreement to improve energy security and design a greenhouse gas (GHG) reduction program. Among the strategies described in this accord is the use of a market-based, multi-sector cap-and-trade mechanism to reduce emissions. As the Midwest explores options for such a program, it will face a variety of design choices regarding program goals, costs, and equity. This paper is intended to guide many of these choices by describing some of the options available.