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How Realistic Are Expectations for the Role of Greenhouse Gas Offsets in U.S. Climate Policy?

Peter Erickson, (SEI), Michel Lazarus (SEI), Alexia Kelly (WRI)

Working Paper: March, 2009
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A sound understanding of the economics of offsets-in particular, of the potential supply of offsets under future policy scenarios and market conditions-is critically important for policymakers as they address major design decisions in crafting climate policy. This analysis will evaluate offset supply analyses completed to date, with a particular focus on identification of the assumptions and discrepancies of these efforts. This work will inform a subsequent, detailed analysis of domestic offset supply potential.

WRI working papers contain preliminary research, analysis, findings, and recommendations. They are circulated to stimulate timely discussion and critical feedback and to influence ongoing debate on emerging issues. Most working papers are eventually published in another form and their content may be revised.

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