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Carbon Offsets in Waxman-Markey Bill, An Overview

Update: On May 21, the Waxman-Markey bill passed out of the House Energy & Commerce committee. It now faces the scrutiny of, among others, the House Ways and Means Committee and Agricultural Committee before facing a full House vote.
Among some notable changes, the value of offsets within the market is now equal to [...]

Study Finds Net Savings for Households & Businesses in U.S. Climate Legislation

Despite some opposition against the Waxman-Markey bill, a poll in late April by NBC/Wall Street Journal showed that 53% of 1,005 participants supported federal legislation that limited greenhouse gas emission even at the cost of bearing higher taxes.
Now an analysis by the Union of Concerned Scientists (UCS) reveals that combining a CO2 cap-and-trade program with [...]