Disposition of Allowances under the Waxman-Markey Bill
The following graphs provide some insights into the disposition of allowances under the Waxman-Markey bill. The graphs illustrate just how innovative US policy makers have been in their distribution of allowances under the cap-and-trade provisions of the bill. US policy makers have made the most of the valuable resource that allowances represent. They have drafted a framework which enables them to allocate allowances to the worst-affected liable parties, to encourage the development of clean technologies, to offset the impacts of rising energy prices and to support domestic and international adaptation and reforestation. It is undoubtedly one of the greatest strengths of the bill and European policy makers could learn a great deal from this approach.
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Tags: ACES, Emissions Trading, US, Waxman-Markey