US carbon trade surviving below the radar

State-level carbon trading markets are thriving without federal support

June 26, 2018 marks nine years since the passage of the American Clean Energy and Security Act 2009, also known as the Waxman-Markey Bill, in the US House of Representatives. While the bill ultimately failed to reach a full Senate vote, it would have introduced a national cap-and-trade scheme for carbon emissions in the US.

The Obama administration subsequently attempted to use the executive branch to create alternative regulations to reduce national greenhouse gas (GHG) emissions. But the resu

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