House Report Urges Cost-Effective Cap-And-Trade

Law360, New York (May 28, 2008, 12:00 AM EDT) -- A cap-and-trade program that lets participants save allowances and use offsets, sets a floor on emission credit prices and temporarily raises the carbon cap when prices climb is likely to be the most cost-efficient way to cut pollution by up to 80% in the next four decades, according to a U.S. House of Representatives committee report.

A cap-and-trade program would be more cost-efficient than a traditional modes of regulation because “it provides flexibility to emitters, creates incentives for sources to use low-cost compliance strategies and provides...
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