Introduction

I. Background and Potential Need for Early Action Crediting Program

A. Development of Binding Greenhouse Gas Limitations
B. Rationale For An Early Action Crediting Program

II. U.S. Implementation of Voluntary Actions and Programs

A. Voluntary CCAP Programs for Mitigating GHG Emissions
B. Foundation Actions for Facilitating Participation in CCAP Programs
C. EPAct §1605(b) Reporting Program
D. Conclusion

III. Legal, Policy, and Technical Issues in Designing an Early Action Crediting Program

A. Legal Framework
B. Source and Amount of Credits
C. Accommodating the Need for Flexibility
D. Actions Eligible for Credit
E. Design Issues

IV. Analysis of Current Early Reductions Proposals

A. Environmental Defense Fund
B. Coalition to Advance Sustainable Technology
C. Center for Clean Air Policy
D. Resources For the Future
E. Niagara Mohawk Power Corporation

V. Principles

End Notes