Lessons From Across the Pond

摘要

While the United States has been debating the details surrounding the regulation and management of carbon dioxide and other greenhouse gases, governments and industries in Europe have been monitoring, reporting, and regulating their emissions for more than a decade. Efforts to create a mandatory emissions reduction scheme in the United States that is robust and effective could be well-served by taking into account several significant lessons learned from similar experiences in the European Union.rnAs readers may be aware, disparate country level data and first-time rulemaking problems led to some systemic failures in the implementation of the first phase of the EU's Emissions Trading System regarding data accuracy and forecasting, which a U.S. program would do well to avoid.