ABSTRACT
Global climate change is evolving. The regulation of greenhouse gas emissions is still in the formative stage; the potential for firms new to the market is high. Most companies are still on an evolving learning curve. Whereas the United States has currently withdrawn from the Kyoto Protocol, the issue of regulating CO
and other greenhouse gas (GHG) emissions as a contributor to global climate change is not going away. The “Clean Skies Initiative” does not regulate CO
, but numerous other pieces of legislation that regulate CO
have been filed in Congress. Most notable of these is Senator Jeffords’ “Clean Power Act” (S.556). The current national multipollutant debate is over a “three-pollutant” (NO
, SO
, and Hg) versus a “four-pollutant” (NO
, SO
, and Hg plus CO
) bill. The potential passage of any bill at this point is unclear, but the issue will continue to be part of the national debate. The question of regulating CO
is probably not an “if” but a “when,” and by extension, “how.”
