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Ready for CO2 Allowances? U.S. Passes on Emissions Cap, Kyoto or No

Fortnightly Magazine - May 15 1998

22, 1997.

3 Other greenhouse gases: methane; nitrous oxide; hydrofluorocarbons; perfluorocarbons; sulfur hexafluoride.

4 The Washington Post, March 26, 1998.

5 Patrice Hill, The Washington Times, March 10, 1998.

6 U.S. DOE, Comprehensive Electric Restructuring Plan, Mar. 25, 1998.

7 NERA, Designing and Implementing an International Gas Trading Program, Aug. 4, 1997.

8 "Any certified emission reductions which a Party acquires from accordance with the provisions of Article 12 shall be added to the Party," Article 3.12, Kyoto Protocol to the United Nations Framework Convention on Climate Change, December 1997. See also, articles 3.10; 3.11; 6; 12 and 17.

9 A White House report estimates if ratified as is, the Kyoto Protocol will increase energy costs $70 to $100 per year per household, assuming an active allowance trading program for CO2 is in place.

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