Sustaining Renewable Energy And Carbon Markets

Law360, New York (September 13, 2010, 12:29 PM EDT) -- Market participants widely believe that the most effective ways to stimulate and maintain the carbon offset market and drive new investment in renewable energy are for Congress to enact a national cap and trade program for greenhouse gas emissions and/or establish a national renewable portfolio standard.

Legislative efforts on both fronts have fallen flat and, with upcoming elections likely to alter the balance of power in Congress, near-term prospects for such legislation appear dim. In the absence of federal climate change legislation or a national renewable...
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