An Analysis of the Efficacy of US Greenhouse Gas Emissions Reduction Policy
This paper provides an analysis of the efficacy of United States (US) greenhouse gas (GHG) emission reduction policy implemented in the mid-1990s, specifically targeting the Voluntary Reporting of Greenhouse Gases program administered by the Energy Information Administration. Given the potential calamitous effects of global climate change, and that the US is the largest contributor of anthropogenic contributions to atmospheric GHG emissions, it is imperative for the US to implement policies that effectively address this global public policy problem. This analysis finds that the current US GHG policy approach, namely the voluntary reporting of emissions reductions, is insufficient, on its own, to achieve the necessary result of reducing national GHG emissions. Additionally, this analysis finds that the relationship between energy consumption and GHG emissions prior to the implementation of the policy of interest is not statistically significantly different from the relationship after its implementation.
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