Cost Effective Strategies for Reducing Greenhouse Gas Emissions
American Council for Capital Formation
By Margo Thorning, Ph.D., Senior Vice President and Chief Economist
April 4, 2006
Testimony Before the Senate Committee on Energy and
Natural Resources Climate Conference
(Click
for Full PDF Version)
Design of an Emission Trading Program: The American Council for
Capital Formation does not know how the Senate can design a mandatory
GHG reduction program that is consistent with the Sense of the Senate
Resolution -- the program should “not significantly harm the US economy”
and should “engage comparable action by other nations that are major
trading partners and key contributors to global emissions.” Before
the US adopts an emission trading system (ETS) for greenhouse gas emissions,
it would be wise to examine how the European Union is faring with its
ETS.
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for Full PDF Version)
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