The Electric Power Research Institute (EPRI) released a report in which it analyzes the governmental institutional requirements and potential resources needed for the federal government to develop and implement a large-scale national domestic greenhouse gas (GHG) emissions offset program. GHG offsets are viewed as a key mechanism for containing the costs of any program to limit GHG emissions, since they offer an alternative compliance mechanism for obtaining GHG emissions reductions. EPRI assumes two different scenarios for a federal GHG offset mechanism: one where such a program is created legislatively and one where EPA creates a federal GHG offset mechanism under its existing Clean Air Act authority.
[For further information: http://my.epri.com/portal/server.pt?Abstract_id=000000000001023122]
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