A. Denny Ellerman

Posts by A. Denny Ellerman

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The European Union’s Emissions Trading System in Perspective

To meet its obligations to reduce greenhouse gas (GHG) concentrations under the Kyoto Protocol, the European Union (EU) established the first cap-and-trade system for carbon dioxide emissions in the world starting in 2005. Proposed in October 2001, the EU’s Emissions …

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Emissions Trading in the U.S.: Experience, Lessons, and Considerations for Greenhouse Gases

In recent years, emissions trading has become an important element of programs to control air pollution. Experience indicates that an emissions trading program, if designed and implemented effectively, can achieve environmental goals faster and at lower costs than traditional command-and-control …

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