Book Description:
Global climate change is one of the nation's most significant long-term policy challenges. Human activities are producing increasingly large quantities of greenhouse gases, particularly CO2. The accumulation of those gases in the atmosphere is expected to have potentially serious and costly effects on regional climates throughout the world. Reducing greenhouse gas emissions would help limit the degree of damage associated with climate change. However, decreasing those emissions would also impose costs on the economy as in the case of CO2, because much economic activity is based on fossil fuels, which release carbon in the form of carbon dioxide when they are burned. One option for reducing emission is to establish a "cap-and-trade" program. This book explores the implications and containing the cost of a cap-and-trade program, its potential benefits and concerns.

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Table of Contents:
Preface

Chapter 1. The Role of Offsets in a Greenhouse Gas Emissions Cap-and-Trade Program: Potential Benefits and Concerns, pp. 1-41
(Jonathan L. Ramseur, Analyst in Environmental Policy)

Chapter 2. Greenhouse Gas Reduction: Cap-and-Trade Bills in the 110th Congress, pp. 43-81
(Larry Parker, Brent D. Yacobucci, Specialist in Energy Policy)

Chapter 3. Voluntary Carbon Offsets: Overview and Assessment, pp. 83-98
(Jonathan L. Ramseur, Analyst in Environmental Policy)

Chapter 4. Options for Offsetting the Economic Impact on Low- and Moderate-Income Households of a Cap-and-Trade Program for Carbon Dioxide Emissions, pp. 99-114

Chapter 5. Containing the Cost of A Cap-and-Trade Program for Carbon Dioxide Emissions, pp. 115-134
(Testimony of Peter R. Orszag, Director, before the Committee on Energy and Natural Resources - May 20, 2008)

Chapter 6. Implications of a Cap-and-Trade Program for Carbon Dioxide Emissions, pp. 135-152
(Testimony of Peter R. Orszag, Director, before the Committee on Finance - April 24, 2008)

Chapter Sources
Index