By Lauren LeMunyan on
12/3/2009 10:35 AM
The Environmental Markets Association (EMA) strongly supports cap-and-trade legislation as the most environmentally-protective, cost-effective, and technologically-innovative policy approach to limit greenhouse gas (GHG) emissions. EMA members have decades of extensive, first-hand experience with cap-and-trade initiatives, including the Clean Air Act’s groundbreaking 1990 acid rain program that has decreased sulfur dioxide (SO2) emissions by 52% from 1990 levels and abatement costs reduced to an estimated 43%- 55% due to the flexibility inherent in trading.The price signals created by that U.S. initiative have spurred technological innovations to optimize both environmental and economic efficiencies. Its overwhelming success makes EMA confident that a GHG cap-and-trade program will similarly ensure that GHG emissions will fall,
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