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Shea-Porter supports a clean and renewable energy policy to decrease U.S. reliance on foreign energy sources and agrees with a number of the objectives of financier and oil magnate T. Boone Pickens on these matters including continuance of emissions trading measures, a system already in effect for her constituency in the form of the Regional Greenhouse Gas Initiative begun in 2003 by Republican governor George Pataki of New York.
Of concern to the electorate was the potential closure of the Nyrstar smelter in Port Pirie due to the federal government's emissions trading scheme known as the Carbon Pollution Reduction Scheme, however it won special exemption from the scheme on 17 December.
She is best known for proposing and designing the carbon credit emissions trading market underlying the Kyoto Protocol, and was the lead author on the 2007 Intergovernmental Panel on Climate Change that won the 2007 Nobel Prize, and reputedly even created the term "sustainable development".
Demsetz was the first to propose emissions trading as a way of giving polluters an economic incentive to reduce their emissions of pollutants.
# Flexible Mechanisms: The "flexibility" mechanisms which the United States had strongly favored when the Protocol was initially put together, including emissions trading; Joint Implementation (JI); and the Clean Development Mechanism (CDM) which allow industrialized countries to fund emissions reduction activities in developing countries as an alternative to domestic emission reductions.
The Waste and Emissions Trading Act 2003 (c 33) is an Act of the Parliament of the United Kingdom.