Waxman-Markey Climate Change Bill Not a Disaster for the Environment
I have spent the better part of four years studying proposed US climate change legislation, state and local climate actions, the roll-out of the Kyoto Protocol and the implementation of the European Union’s Emissions Trading Scheme. I have written about the large scale issues that must be considered in federal legislation, and looked in depth at some of the issues surrounding offsets and trading, and have recently published op-eds and blogged on the way the Waxman-Markey bill deals with offsets. I have just finished co-teaching a graduate level course in carbon trading that explored many of the issues surrounding how a cap and trade system for greenhouse gases could work. I know that any attempt to control greenhouse gases through a market is complicated and difficult, but I also believe that this is the only way forward.
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