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Establishing a Regulatory Foundation for Market-Based Greenhouse Gas Programs

06/12/2018
Report

C. Jenks, G. Van Horn, S. Hill

PDF icon MJBA_Establishing_a_Regulatory_Foundation_for_Greenhouse_Gas_Market_Programs_June2018.pdf

Several states in the U.S. have adopted market-based mechanisms to reduce greenhouse gas (GHG) emissions, and others are now considering similar policies, creating the potential for broader GHG trading markets. Guided by several examples of successful market-based programs, there are a number of actions that states can begin immediately to help improve environmental and climate policy and lay the foundation for potential GHG markets. These existing programs have a proven track record of success, both in helping to reach environmental targets and in integrating a GHG price into other systems and decisions, such as electricity markets. This paper discusses key actions that states might consider to start building a foundation for potential GHG markets.

M.J. Bradley & Associates, an ERM Group company

Concord, MA / Washington, DC

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