Issue Areas

Environmental Issues > Global Warming Main Page > All Global Warming Documents

Testimony of Daniel A. Lashof on Addressing Price Volatility in Climate Change Legislation

Before the Committee on Ways and Means, United States House of Representatives, March 26, 2009

While modest allowance price fluctuations are expected and can be beneficial, excessive volatility driven by unnecessary market uncertainty or market manipulation is problematic and should be avoided. This can be accomplished by including the following features in climate legislation: A comprehensive cap covering the broadest feasible set of emission sources; Banking of emission allowances; Effective carbon market regulation; Ample access to high quality offsets; Robust complementary measures to promote energy efficiency, cleaner transportation options, and energy supply technology transformation; An allowance price floor established through a reserve price in the primary allowance auction; A strategic offset and allowance reserve made available at a trigger price set to avoid undue economic harm.

last revised 3/26/2009

Get document in pdf

Popular Tags [ View All Tags ]:: causes; consequences; solutions; what you can do; wildlife; energy efficiency; renewable energy; global warming and health; global warming legislation

All Tags [ View Popular Tags ]:: AB 1493; ACES; acid rain; agriculture; air pollution; Alaska; algae; Arctic; Arctic National Wildlife Refuge; asthma; automakers; biodiesel; biofuels; cabon; California; cap 2.0; cap and trade; carbon assessment; carbon capture and storage; carbon offsets; caribou; cars; causes of global warming; CCS; china; Clean Air Act; clean energy; clean energy economy; climate; climate change; climate legislation; Climate Security Act; coal; coal plants; coal-fired power plants; consequences; coral; dirty fuels; drilling; drought; earth day; economy; electric utilities; Elizabeth Kolbert; emissions; endangered species; endangered species protection; energy; energy efficiency; energy policy; energy security; environmental protection agency; EPA; extreme weather; farming; fish & fishing; flooding; floods; florida; food; Forests; fuel; fuel efficiency standards; fuel savings; Gary Braasch; gas prices; global warming and health; global warming and the economy; global warming emissions; global warming emissions copenhagen accord; global warming legislation; global warming treaties; Great Lakes; Great Lakes National Parks; green buildings; green jobs; green sports; greenhouse gas regulations; grizzly bear; growing green awards; habitat loss; Harmful Algal Blooms; health; health effects; health effects of pollution; heat wave; heat waves; holiday; hurricane Irene; Hurricane Katrina; hurricanes; hybrid; hybrid vehicles; India; India Initiative; Intergovernmental Panel on Climate Change; International; international agreements; interviews; IPCC; Kyoto protocol; legislation; liquid coal; livestock; marine conservation; Massachussetts v EPA; mccain leiberman; mccain-leiberman bill; McKinsey; melting ice and glaciers; Montreal Protocol; mountain pine beetle; mountaintop removal mining; national parks; natural gas; new energy economy; nitrogen oxides; nuclear energy; Obama; ocean acidification; ocean policy; ocean pollution; oil; oil shale; oil shale development; oil shale development in colorado river basin; oil shale impact on water; ozone; photos; polar bears; polar ice cap; policy; pollution; power plant pollution; power plants; public transportation; record-high temperatures; renewable energy; renewable energy/clean energy; renewables; respiratory illness; Rocky Mountains; salmon; science; sea levels; sea-level rise; smart growth; smog; smog air pollution; solar power; solutions; species protection; sprawl; storms; sulfur dioxide; sulphur; Supreme Court; tar sands; tennessee; testimony; tourism; toxic waste; transportation; transportation bill; trout; U.S.; VEETC; vehicle emissions; vehicles; water; water supply; water sustainability; weather; Western Arctic; what you can do; white bark pine; whitebark pine; Wilderness Preservation; wildfires; wildlife; Yellowstone

Sign up for NRDC's online newsletter

See the latest issue >

This Is Global Warming

YouTube Video

Watch the Video »

Our new video shows the effects of global warming in the world today.

Give the Gift That Will Make a Difference: Clean Energy Boost

Switchboard Blogs

FOX Affiliate: Extreme weather tied to climate change: posted by Pete Altman, 2/9/12
In Patagonia: Chile's Glaciers Melt While Renewable Energy Resources Remain Untapped: posted by Peter Lehner, 2/9/12
Last Two Weeks in Whales: Working to Save Whales in the Pacific Northwest; Cape Cod Dolphin Stranding; Dolphins and Whales Play Together; Debate Over Tagging Endangered Killer Whales; Dolphins...: posted by Zak Smith, 2/8/12