GAO Details Lessons Learned from the EU Trading Program and the Kyoto Protocol

The U.S. Government Accountability Office (GAO) has issued its analysis of current cap-and-trade programs aimed at reducing greenhouse gas (GHGs) emissions. Lawmakers had asked GAO to conduct the analysis to aid in their review of legislative proposals to limit GHGs. GAO reviewed the European Union’s (EU) Emissions Trading Scheme (ETS) and the Kyoto Protocol’s Clean Development Mechanism (CDM). GAO says its review of the ETS provides three key lessons: Accurate emission data are essential to set effective emission caps; a trading program should...

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