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US Cap-and-Trade System to Address Global Climate Change pp.1-14

US Cap-and-Trade System to Address Global Climate Change pp.1-14

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US Cap-and-Trade System to US Cap-and-Trade System to Address Global Climate Address Global Climate Change Change Kyle Albers Kyle Albers Peter Canepa Peter Canepa
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Background Background Greenhouse gases (GHGs) led to 1.25 degree F in avg. global temp. Consensus among Climate Scientists that anthropogenic emissions CO2, H2O, CH4, NOx, CFCs Positive feedback Transboundary Kyoto Protocol (1997) not US ratified US response at local and regional level Need for Domestic Policy Instrument
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Issues – Environmental Issues – Environmental Effectiveness Effectiveness High Certainty Guaranteed cap on CO2 emissions Gradual lowering of cap Upstream Cap on fossil fuel extraction, processing, and distribution Not on combustion (downstream) Sequestration offsets Biological – forest Geologic – underground injection Linkage with international trading schemes and climate policies EU ETS Kyoto Protocol
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Issues – Cost Effectiveness
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