Market Mechanisms for Greenhouse Gas Emissions Reductions: Lessons for California
Prepared by the Pew Center on Global Climate Change
California is currently considering legislation that would establish state-wide caps on greenhouse gas emissions. This paper is based on extensive research by the Pew Center and others on the use of market mechanisms to reduce greenhouse gas emissions. It begins with a summary of possible solutions for the state, and then provides more detailed background on market mechanisms, with particular attention to relevant lessons for California.
Download the full working paper  (pdf)