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- W658966306 abstract "Climate change legislation has mainly focused on a policy tool known as cap-and-trade. In this approach a cap is set on emissions and entities covered by the cap must hold enough allowances to cover their emissions for the specified time period – usually a year. Many proposals allow for the use of credits if the entity goes above its allotted cap. In such a case, the entity would purchase these credits in a market to achieve compliance with the cap. Biological carbon sequestration, the process that plants use to take up carbon dioxide from the air and turn it into biomass, has been proposed as one type of carbon credit. Thus, vegetation growing along highway rights-of-way, under certain circumstances, may be a marketable commodity. In late 2007, the Federal Highway Administration (FHWA) launched a pilot program to (1) develop estimates of the amount of revenue that could be earned by state departments of transportation (DOTs) if they undertook such a program; (2) determine the cost-effectiveness of such a program on a national scale; and (3) create decision support tools that DOTs could use to determine the efficacy of a program in their state. The tentative results, current status, and future direction of the program will be discussed." @default.
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- W658966306 date "2010-01-01" @default.
- W658966306 modified "2023-09-27" @default.
- W658966306 title "The FHWA Carbon Sequestration Pilot Program: Economics, Environment and Policy" @default.
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