Design Principles of a Cap and Trade System for Greenhouse Gases

No environmental challenge is more intertwined with our way of life than global climate change. Fundamentally, processes that produce greenhouse gases sustain our economy. Most of the nergy sources we rely upon release substantial amounts of greenhouse gases. Other major sectors of our economy, such as the agricultural and forestry sectors, control the ebb and flow of greenhouse gases into the atmosphere through their ability to store carbon in organic forms.