Forging the Climate Consensus: Managing Economic Risk

The Commission has long taken the position that credible, transparent, and predictable mechanisms for managing the economic risks associated with a cap-and-trade program are essential to the success and political viability of U.S. climate policy.  NCEP supports a well-designed cap-and-trade program that sets reasonable targets, evolves in a steady and predictable fashion over time, and provides effective safeguards against adverse impacts on low-income households and energy-intensive, trade-exposed businesses.