A Comparison of a Cap & Trade System v. Alternative Policies to Curb U.S. Greenhouse Gases

by Dr. Michael E. Canes
February 22, 2007

Since the inception of international discussions regarding climate change, there has been debate within the United States concerning what course of action to take.  Dr. Canes will discuss his recent study A Cap and Trade System v. Alternative Policies to Curb U.S. Greenhouse Gases.  He finds that the U.S. record in reducing its greenhouse gas (GHG) intensity through investment in R&D and voluntary partnership programs and the prospective costs of a cap and trade system suggest that the policy of continuing to develop and promote adoption of less GHG intensive technologies without adversely affecting GDP is the best choice. 

Dr. Michael E. Canes is a Senior Research Fellow at the Logistics Management Institute in McLean, Virginia. He previously was Vice President and Chief Economist of the American Petroleum Institute, where he sponsored early development of the Charles River Associates Multi-Sector Multi-Region Trade (MS-MRT) model for climate change policy analysis. He also has been a member of the faculty of the Graduate School of Management of the University of Rochester, NY. Dr. Canes has a PhD in Economics from UCLA and an MSc in Economics from the London School of Economics.

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