Multi-pronged tack expected for US carbon cuts
Cap-and-trade to continue as part of portfolio of emission reduction tools for states and regions; scheme co-operation expected
The US is likely to move forward with a piecemeal approach to reducing greenhouse gas (GHG) emissions, according to speakers at the US-China Carbon Finance Cooperation and Development Conference in New York yesterday.
“Cap-and-trade is alive in the US and will continue to move forward,” said Jonathan Schrag, executive director of the Regional Greenhouse Gas Initiative (RGGI), the first mandatory, market-based scheme to reduce GHG emissions in the US.
Speaking on a panel about the US carbon market
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