Experts: "Cap and Trade" System Will Cut Emissions

Moresco, Justin
February 2008
Red Herring;2/26/2008, p1
Trade Publication
The article highlights the views of experts on the proposed cap and trade system to reduce greenhouse gas emissions in the U.S., as discussed in the Carbon Forum America held in San Francisco, California in February 2008. Under the cap and trade, a total limit or cap on all sources of emissions is established, and sources trade emissions credits among themselves. According to Halldor Thorgeirsson, director of the United Nations climate secretariat, although the cap and trade system will not solve all emission problems, it is seen as a better policy alternative. Speakers at the Forum also described the system as the quickest and cheapest way to reduce greenhouse gas emissions.


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