Managing Costs in a US GHG Trading Program: Issues, Options and Implementation
Managing Costs in a US GHG Trading Program: Issues, Options and Implementation
March 19, 2008
One of the most controversial issues in the debate over the design of a US greenhouse gas (GHG) trading program is how such a program will address concerns about potential costs and adverse impacts on the economy.
A variety of proposals have emerged, including an explicit upper limit on allowances prices (in S.1766, the Low Carbon Economy Act) and an independent board to manage the emissions budget over time, in order to contain costs (in S.2191, the Climate Security Act).
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