Group touts carbon markets tool to ensure emissions drop
View on ClimateWire website"RGGI has seen compliance costs and allowance prices settle at lower-than-expected levels, which boosts the economy but doesn't necessarily reduce emissions associated with global warming. Now a team of researchers at Resources for the Future is proposing a mechanism that could continue to reduce emissions even when prices are low. The tool is called an emissions containment reserve, or ECR.
In a report released today, RFF's Dallas Burtraw, Karen Palmer and Anthony Paul, with the University of Virginia's Charles Holt and William Shobe, use simulation modeling and laboratory experiments to weigh this potential new design idea for RGGI."
