Putting a Price on Carbon

Deck: 

How EPA can establish a U.S. GHG Program for the Electricity Sector.

Fortnightly Magazine - February 2014
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The U.S. Environmental Protection Agency (EPA) is moving forward to establish a Federal Clean Air Act program to reduce the greenhouse gas emissions of the electric power sector. It has already proposed rules for new power generators and will do so soon for existing electricity generators.

The EPA can draw from the experiences of 10 states, representing 29 percent of the U.S. economy, and two provinces, representing 32 percent of the Canadian economy, which have carbon markets in operation valued at over $1 billion. The five-year old Regional Greenhouse Gas Initiative (RGGI) is the first market-based regulatory program in the United States to address greenhouse gas emissions. California and Quebec are now implementing economy-wide GHG reductions programs launching their power sector components a year ago in 2013. 

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