Designing A Federal Carbon Regime

Law360, New York (July 5, 2007, 12:00 AM EDT) -- The United States, while a signatory to the United Nations Framework Convention on Climate Change, has not ratified and is not party to the Kyoto Protocol.

The U.S. administration has been opposed for years to any mandatory carbon regime and was committed to relying on voluntary action and a focus on technological innovation.

Today reports of major advances in addressing climate change in the United States are reported on an almost hourly basis, and even the executive position has softened somewhat.

With the advent of the...
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