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U.S. Department of Energy
Office of Scientific and Technical Information

Emissions trading goes global

Journal Article · · Science (Washington, D.C.); (USA)
At a meeting of an international panel on global warming that convenes on 5 February in Washington, D.C., the Bush Administration will propose an international system of emission credits that would allow each country to release a specified amount of the gases that cause the greenhouse effect; the credits could be bought and sold among nations. Some critics are calling this free market solution unworkable and politically motivated but others see the proposal as a useful first step. The U.S. proposal was included--in broad outline rather than specific detail--in a State Department document submitted last month to the Intergovernmental Panel on Climate Change (IPCC). The panel was set up by the United Nations in 1988 to assess the effects of climate change and evaluate response strategies to global warming. The State Department document, written in response to IPCC talks in October about economic incentives for controlling global warming, says the panel should evaluate various options to control greenhouse gases, including international emissions trading.
OSTI ID:
6040635
Journal Information:
Science (Washington, D.C.); (USA), Journal Name: Science (Washington, D.C.); (USA) Vol. 247:4942; ISSN SCIEA; ISSN 0036-8075
Country of Publication:
United States
Language:
English