This paper discusses several elements that the authors believe were fundamental to the success of two U.S. cap-and-trade programs: the Acid Rain Program and the NO_x Budget Trading Program. These elements may be useful to the design and implementation of other cap-and-trade programs both within and outside of the United States. Return to Technical Guidance for more resources on emissions monitoring.

• Fundamentals of Successful Monitoring, Reporting, and Verification under a Cap-and-Trade Program (PDF)(8 pp, 102 K, November 2006)