Green Car Congress

MARCH 6, 2010

If a cap-and-trade program includes offsets, regulated entities have the opportunity to purchase the “emission credits” generated by carbon offset projects to help them meet their compliance obligations. coal-fired power plants) would either be required by the emissions cap. Emission reductions from regulated sources (e.g.,

Climate Change 218

Climate Change Climate Emissions 2008 218

Green Car Congress

MARCH 22, 2010

Under the cap-and-trade system, industries regulated by it—the largest being power generation, chemicals, steel, and cement—are given limits on their total emissions, and companies can purchase emission reductions from others in lieu of reducing emissions themselves. Validation and Verification. Validation requires additionality.

Carbon 255

Carbon Climate Change Climate Emissions 255

Green Car Congress

APRIL 10, 2010

Cap-and-trade was first tried on a significant scale twenty years ago under the first Bush administration as a way to address the problem of airborne sulfur dioxide pollution–widely known as acid rain–from coal-burning power plants in the eastern United States. The first auction for allowances was held on September 25, 2008.

Gas 244

Gas Climate Change Emissions Climate 244