Paper Touts 'Common Elements' Approach For Cross-State ESPS Trading

A new paper by researchers at Duke University's Nicholas Institute for Environmental Policy Solutions is touting a simpler approach for allowing trading of greenhouse gas (GHG) reductions across state lines than formal, and more complicated, multi-state approaches for complying with EPA's proposed rule governing GHGs at existing power plants. The March 17 policy brief suggests that states adopt “common elements” in their compliance plans, which would then allow plant owners with facilities in those states to trade emissions credits across...