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Working Paper
In 2009, President Barack Obama and a majority Democratic 111th Congress came to office in a favorable position to enact federal climate legislation. But less than two years later prospects for passing that legislation dimmed considerably. Most explanations for this turn of events fault 1) institutional rules requiring bills receive a 60-vote supra...
Discussion Paper
In mitigating climate change, the Kyoto Protocol requires Annex I countries to reduce greenhouse gas (GHG) emissions. In achieving their targets, the Kyoto Protocol allows the countries to use the Kyoto Mechanisms (KM), including emissions trading (ET), which is recognized as one of the most cost-effective ways. Prior to the official start of...