“Today, ten states are taking a major step forward in the fight against global warming as they begin operations of the Regional Greenhouse Gas Initiative (RGGI), the country’s first mandatory GHG emissions market.
As different statewide greenhouse gas (GHG) reduction policies continue to emerge in the United States, more and more businesses are calling on the federal government to enact a single, uniform policy. The prospect of complementary policies between different levels of government—as well as the potential for conflicting and even duplicative regulations—could have significant implications for business. This installment of WRI’s “Bottom Line” series explores the fundamental debates about, and potential outcomes of, different degrees of state and federal policy action.
Climate policy debates often feature discussions about the role of a carbon tax, either as an alternative or a supplement to a cap-and-trade program. This fact sheet describes the similarities and differences between the two policy approaches and answers other common questions about a tax on carbon.
Cap-and-trade programs are the foundation of many climate policy proposals and have been a focus of debate in state, regional, and national legislatures. This fact sheet provides answers to some of the basic questions about cap-and-trade programs and reviews how such a system might work in the United States.
While there are risks for the forest products industry, it largely stands to gain from efforts to address global warming due to new opportunities for sustainable forestry, according to a report released here today by the World Resources Institute.