Credit for Early Action allows firms that take early action to reduce emissions to be rewarded with credit against future regulatory standards or carbon taxes.
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These proceedings are the summary of Selling Clean Air: Market Instruments for Climate Protection, a two-day workshop on market instruments for climate change organized by West Coast Environmental Law Research Foundation. The workshop was held October 15 and 16, 1998, in Vancouver.
Despite the urgent need for early action to reduce greenhouse gas emissions, this brief is in part intended to alert readers to the potential negative implications of developing a credit for early action system.
This paper begins with a brief description of existing international and domestic environmental law relating to climate change.