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Environmental Law

2009

Articles in Law Reviews & Other Academic Journals

Cap-and-Trade system

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Lessons Learned From The European Union’S Climate Policy, David Hunter Jan 2009

Lessons Learned From The European Union’S Climate Policy, David Hunter

Articles in Law Reviews & Other Academic Journals

INTRODUCTION The United States, after ignoring climate policy for the last decade, now finds itself debating the merits of a national cap-and-trade policy. Currently, U.S. environmentalists are divided over whether to support the watered-down American Climate and Energy Security bill (ACES), also known as the Waxman-Markey bill. ACES passed the U.S. House of Representatives only after significant changes were made to address concerns from the coal industry and other powerful forces; and the bill likely faces even more compromises if it is to be passed in the U.S. Senate.' Supporters of the Waxman-Markey bill believe it is best to establish …