Date Released
September 1997
This report discusses specific lessons learned from the Acid Rain Program, contained in Title IV of the Clean Air Act Amendments of 1990 (CAAA), that apply to an emissions cap and allowance trading system for greenhouse gases (GHGs). Chapter II discusses the basic design features in applying an emissions cap and allowance trading system to emissions of CO2, methane and other GHGs. Chapter III evaluates lessons from Title IV, and discusses specific issues in establishing a similar regulatory system for GHGs.