WRI: Federal legislators should look to the states for some key lessons on cap-and-trade
|
|
By Jill Duggan
Given the intensity of the debate on whether market mechanisms for reducing greenhouse gases should be adopted in the US, many people are surprised to hear that 10 states in Northeastern United States have already implemented a cap-and-trade system for the power sector.
I was hearing surprisingly little about the experience of the Regional Greenhouse Gas Initiative (RGGI, or “Reggie” to those in the know) when I came to the US last year. I had been deeply involved in designing and implementing cap-and-trade in Europe and was curious to see how RGGI fared in its first year of operation. As the climate talks in Copenhagen kicked off in December, I took myself off to RGGI-land to talk to some of those who have been involved in the initiative along the way and to learn more.
Read the complete blog on WRI website. Submit comments below.
 |
Subscribe to this comment's feed
