Abstract

http://ssrn.com/abstract=2414504
 


 



Carbon Trading in the United States


Laurie A. Ristino


Vermont Law School - Center for Agriculture and Food Systems; Natural Resources & Environment Journal; Climate Law Reporter

Katie Hannon Michel


Vermont Law School

March 25, 2014

Forthcoming in Van Calster, G., Vandenberghe, W., and Reins, L. (eds), Research Handbook on Climate Mitigation Law, Cheltenham, Edward Elgar, 2014
Vermont Law School Research Paper No. 5-14

Abstract:     
Despite several attempts, the United States Congress has been unable to pass cap and trade legislation. Congress’ failure to regulate greenhouse gas emissions has provoked a variety of responses. For example, states have implemented regional carbon trading programs with a range of designs and varying levels of success. In addition, states and environmental organizations successfully sued to compel the U.S. Environmental Protection Agency to regulate carbon emissions under the Clean Air Act, a process that is continuing to unfold. Whether the resulting regulations will either preempt or, alternately, promote state and regional carbon markets remains to be seen. Meanwhile, private organizations and individuals have increasingly embraced voluntary carbon offsets, providing an example of a growing alternative to compliance markets. This chapter summarizes the ongoing experiments with carbon trading that continue to evolve in the face of weak federal leadership on climate change.

Number of Pages in PDF File: 31

Keywords: Clean Air Act, carbon trading, carbon offset, voluntary offset market, climate change, greenhouse gas, carbon sequestration, Global Warming Solutions Act, Environmental Protection Agency, AB 32

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Date posted: March 26, 2014 ; Last revised: June 5, 2014

Suggested Citation

Ristino, Laurie A. and Michel, Katie Hannon, Carbon Trading in the United States (March 25, 2014). Forthcoming in Van Calster, G., Vandenberghe, W., and Reins, L. (eds), Research Handbook on Climate Mitigation Law, Cheltenham, Edward Elgar, 2014; Vermont Law School Research Paper No. 5-14. Available at SSRN: http://ssrn.com/abstract=2414504

Contact Information

Laurie A. Ristino (Contact Author)
Vermont Law School - Center for Agriculture and Food Systems ( email )
164 Chelsea Street
P.O. Box 96
South Royalton, VT 05068
United States
Natural Resources & Environment Journal ( email )
321 North Clark Street
Chicago, IL 60610
United States
Climate Law Reporter ( email )
Katie Hannon Michel
Vermont Law School ( email )
68 North Windsor Street
P.O. Box 60
South Royalton, VT 05068
United States
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