Report by Center for Sustainable Energy

This report explores three North American cap-and-invest systems for reducing GHG emissions, with the goal of providing policy-makers with a better understanding of how cap-and-invest systems work, identifying lessons learned and outlining policy recommendations for creating an economy-wide capand-invest system for GHG emissions for Vermont. Specifically, the report looks at the following.

• Regional Greenhouse Gas Initiative (RGGI), in which Vermont currently participates that covers carbon dioxide (CO2) emissions from electric generation
• California cap-and-invest system, which covers GHG emissions from electric generation, transportation and heating sectors and industrial processes1
• Quebec cap-and-invest system, which is linked with California through the Western Climate Initiative (WCI) and covers GHG emissions from electric generation, transportation and home
heating sectors and industry2

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