Jenner & Block

"Carbon Cap-and-Trade Programs: European and Domestic Designs Provide Insight for New Administration," Emerging Issues Analysis, Lexis/Nexis

In this article, Partner Gabrielle Sigel examines cap-and-trade programs, which control and lower greenhouse gas (GHG) emissions. Ms. Sigel explains, “a cap-and-trade mechanism is a departure from traditional ‘command and control’ regulation that specifies the technology by which emissions will be controlled.” She highlights in the article the key features of carbon cap-and-trade programs by discussing and comparing the basic design elements of the only multinational, fully operational cap-and-trade program - the European Union GHG Emissions Trading Scheme - with the designs to date of the three U.S. regional groups addressing climate change.