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The role of offsets in a greenhouse gas emissions cap-and-trade program : potential benefits and concerns

Author: Jonathan L Ramseur; Library of Congress. Congressional Research Service.
Publisher: [Washington, D.C.] : Congressional Research Service, Library of Congress, 2008.
Series: CRS report for Congress, RL34436.
Edition/Format:   eBook : National government publication : EnglishView all editions and formats
Summary:
If Congress establishes a greenhouse gas (GHG) emissions reduction program (e.g., cap-and-trade system), the treatment of GHG emission offsets would likely be a critical design element. If allowed as part of an emissions program, offsets could provide cost savings and other benefits. However, offsets have generated concern. An offset is a measurable reduction, avoidance, or sequestration of GHG emissions from a  Read more...
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Material Type: Government publication, National government publication, Internet resource
Document Type: Internet Resource
All Authors / Contributors: Jonathan L Ramseur; Library of Congress. Congressional Research Service.
OCLC Number: 221294305
Notes: "April 4, 2008."
Title from title screen (viewed June 12, 2007).
Description: 39 unnumbered pages : digital, PDF file.
Details: Mode of access: World Wide Web.; System requirements: Adobe Acrobat Reader.
Series Title: CRS report for Congress, RL34436.
Responsibility: Jonathan L. Ramseur.

Abstract:

If Congress establishes a greenhouse gas (GHG) emissions reduction program (e.g., cap-and-trade system), the treatment of GHG emission offsets would likely be a critical design element. If allowed as part of an emissions program, offsets could provide cost savings and other benefits. However, offsets have generated concern. An offset is a measurable reduction, avoidance, or sequestration of GHG emissions from a source not covered by an emission reduction program. If allowed, offset projects could generate "emission credits," which could be used by a regulated entity (e.g., power plant) to comply with its reduction requirement.

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