Environmental Finance | News | EPA victory to open the door for carbon trading?
The US Environmental Protection Agency (EPA) scored a major victory in its quest to regulate greenhouse gas (GHG) emissions, which could help pave the way for the agency to establish market-based mechanisms. In a unanimous decision, the US Court of Appeals for the DC Circuit on Tuesday sided with the EPA in upholding its actions on four elements of its GHG regulations: the agency’s endangerment finding, its tailpipe rule for automobile emissions, the triggering or timing rule for regulation of stationary sources of GHGs under the prevention of significant deterioration programme, and the tailoring rule raising regulatory thresholds for stationary sources.
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