| Description |
ii, 64 p. : digital, PDF file |
| System Details |
Mode of access via the GAO web site. |
| Note |
Title from title screen (viewed on Dec. 3, 2008). |
|
"November 2008." |
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Paper version available from: U.S. Govt. Accountability Office, 441 G St., NW, Rm. LM, Washington, D.C. 20548. |
| Summary |
International policies to address climate change have largely relied on market-based programs; for example, under the European Union's Emissions Trading Scheme (ETS) phase I (2005 to 2007) carbon dioxide emissions reductions were sought by setting a cap on each member state's allowable emissions and distributing tradable allowances to covered entities, such as power plants. Beginning operation in 2002, the Kyoto Protocol's Clean Development Mechanism (CDM) has relied on offsets, allowing certain industrialized nations to pay for emission reduction projects in developing countries--where the cost of abatement may be less expensive--in addition to reducing emissions within their borders. Legislative proposals to limit greenhouse gas emissions are under consideration in the United States. In this context, GAO was asked to examine the effects of and lessons learned from (1) the ETS phase I and (2) the CDM. GAO worked with the National Academy of Sciences to identify experts in market-based programs and gathered their opinions through a questionnaire, interviewed stakeholders, and reviewed available information. |
| Bibliography |
Includes bibliographical references. |
| Note |
"GAO-09-151." |
| Subject |
Emissions trading -- Evaluation.
|
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Carbon sequestration -- Measurement.
|
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Carbon dioxide sinks -- Measurement.
|
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Carbon dioxide mitigation.
|
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Greenhouse gas mitigation.
|
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Climatic changes -- Risk management.
|
| Added Title |
Lessons learned from the European Union's emissions trading scheme and the Kyoto Protocol's clean development mechanism |
| Gpo Item No. |
0546-D (online) |
| Sudoc No. |
GA 1.13:GAO-09-151 |
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