Emissions Trading in the US: Work in Progress on the Federal Level?

Emission trading has been used as a policy instrument for certain non-greenhouse gases in the United States on the federal administrative level for years. Yet, discussions on the use of market based instruments to regulate greenhouse gas emissions on the federal level have not resulted in national policies. Following new commitments in a Climate Action Plan (CAP), the Obama Administration and the Environmental Protection Agency (EPA) could be about to put a differentiated regulatory framework in place.

The US Congress is currently split along party lines. While the Democratic Party holds the majority in the Senate, the Republican Party dominates the House of Representatives. This situation remains unchanged after the 2012 elections and will continue at least until the mid-term elections in 2014. This split power in the legislature has led to a stalemate on climate change legislation. Following several attempts in previous years – the Waxman- Markey bill of 2009/10 being the most prominent attempt failing to find a majority in Congress – it is left to the executive branch, namely the Environmental Protection Agency (EPA), to enact climate change regulation and other measures on the federal level to contain and reduce greenhouse gases.



Copyright: © Lexxion Verlagsgesellschaft mbH
Quelle: Issue 03/2013 (September 2013)
Seiten: 3
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Autor: Arne Riedel
Dominic Marcellino

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