As Congress considers legislation to reduce the greenhouse gas (GHG) emissions that contribute to climate change, attention has focused on 'cap-and-trade' legislation. Such legislation would set a national cap of GHG emissions, with allowances to ...
emit limited amounts of the gases distributed or auctioned to affected parties. Recently, there has also been discussion of taxes on greenhouse-gas-emitting substances, which proponents argue would provide greater transparency and a clearer price signal. This book examines the proponents of legislation who counter that the threat of climate change is too important for action to be delayed, and that energy-efficiency and lower GHG emissions can be the building blocks of a program to restore the economy as well as to protect the environment.