Design and Implementation for Cap and Trade Strategies

Nearly every climate change initiative under consideration, whether in Congress, California, or the Northeastern states (the Regional Greenhouse Gas Initiative, or “RGGI”) includes a plan for a “cap and trade” system using some form of “carbon credits” set as the equivalent to a metric ton of carbon dioxide.  Sonnenschein lawyers have extensive experience in setting up and implementing cap and trade systems of this type.  Sonnenschein also has more than 20 years of expertise in emission trading.  We helped establish North America’ s leading emissions credit trading association, and have substantial expertise in most of the markets for emission credits, including the NOx trading programs, the VOC trading program for Northeastern Illinois, the South Coast Air Quality Management District’s RECLAIM Program, and EPA’s NOx SIP call trading program.  In addition, we have substantial expertise in drafting and negotiating emission trading contracts.

Sonnenschein lawyers have nationwide experience in the development, implementation and enforcement of air quality rules on both the federal and state levels.  We have also assisted clients in the preparation and negotiation of a wide variety of construction and operating permits.  Future carbon control requirements are likely to include similar permitting and control measures.

Click here to read more about our air emissions, permitting and control strategies.