Cap-and-Trade Legislation

Berkshire Encyclopedia of Sustainability, p. 50, 2010

Widener Law School Legal Studies Research Paper No. 13-08

6 Pages Posted: 2 Jan 2013

See all articles by John C. Dernbach

John C. Dernbach

Widener University - Commonwealth Law School

Date Written: 2010

Abstract

One approach to controlling greenhouse gas emissions, “cap-and-trade” places caps, or limits, on allowable emissions (set by the government) but permits participating facilities to buy and sell, or trade, “allowances” on the open market. The most prominent example in U.S. law is the acid rain control program in the 1990 Clean Air Act Amendments. Cap-and-trade legislation is now being promoted to help mitigate global climate change.

Keywords: Sustainable development, sustainability, sustainable development law, comparative law, environmental law

JEL Classification: K20, K29, K32, K33, Q20, Q25, Q28, Q30, Q40, Q48, Q01

Suggested Citation

Dernbach, John C., Cap-and-Trade Legislation (2010). Berkshire Encyclopedia of Sustainability, p. 50, 2010 ; Widener Law School Legal Studies Research Paper No. 13-08. Available at SSRN: https://ssrn.com/abstract=2195705

John C. Dernbach (Contact Author)

Widener University - Commonwealth Law School ( email )

3800 Vartan Way
Harrisburg, PA 17110-9380
United States

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