Editing Emissions trading (section)

== Criticism ==
{{See also|Carbon emissions trading#Criticism}}

===Distributional effects===
The US [[Congressional Budget Office]] (CBO, 2009) examined the potential effects of the [[American Clean Energy and Security Act]] on US households.<ref>{{cite web
|last1=Stone
|first1=Chad
|last2=Shaw
|first2=Hannah
|title=Senate can strengthen climate legislation by reducing corporate welfare and boosting true consumer relief
|url=http://www.cbpp.org/files/7-10-09climate.pdf
|publisher=Centre for Budget and Policy Priorities
|date=2009-07-10
|access-date=2010-01-27
|archive-date=2009-10-24
|archive-url=https://web.archive.org/web/20091024212239/http://www.cbpp.org/files/7-10-09climate.pdf
|url-status=live
}}</ref> This act relies heavily on the free allocation of permits. The Bill was found to protect low-income consumers, but it was recommended that the Bill be made more efficient by reducing welfare provisions for corporations, and that more resources be made available for consumer relief.  A cap-and-trade initiative in the U.S. Northeast caused concerns it would be regressive and poorer households would absorb most of the new tax.<ref>
{{Cite web | url= https://ctmirror.org/2021/11/17/rising-gas-prices-arent-the-only-obstacle-blocking-ct-transportation-climate-initiative/ | title= Rising gas prices are fueling opposition to Transportation Climate Initiative | date= 17 November 2021 }}</ref>