Would cap and trade have increased U.S. emissions?
Would cap and trade have increased U.S. emissions? / Michael Levi, Energy, Security, and Climate, 24/10/2012
When the Waxman-Markey cap-and-trade bill collapsed a few year back, advocates of aggressive action on climate change despaired. But a fascinating and provocative new analysis from Dallas Butraw and Matt Woerman at Resources for the Future suggests that people might want to revisit that judgment: by 2020, they write, domestic emissions will “probably [be] less than would have occurred if the Waxman-Markey cap-and-trade proposal had become law”. Whether you believe that depends on some important details...
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Keeping the Copenhagen Pledge – Barely / Dallas Burtraw, Commonresources, 24/10/2012 http://common-resources.org/2012/keeping-the-copenhagen-pledge-barely/
Michael Levi at the Council on Foreign Relations has commented on our new discussion paper “US Status on Climate Change Mitigation” where we find, somewhat surprisingly, that the country is on course to achieve reductions in greenhouse gas emissions commensurate with President Obama’s pledge in Copenhagen. That pledge called for reductions in the range of 17 percent from 2005 levels. With the failure of Congress to adopt comprehensive climate legislation in 2010, the feasibility of the pledge was put in doubt. However, we find that the United States is reaching this goal; currently, the country is on course to achieve reductions of 16.3 percent from 2005 levels in 2020.
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