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RegulatoryOptionsforanEnforceableEmissionsCap-and-InvestPrograminMarylandDallasBurtraw,MarcHafstead,andKevinRennertReport24-10June2024RegulatoryOptionsforanEnforceableEmissionsCap-and-InvestPrograminMarylandAAbouttheAuthorsDallasBurtrawistheDariusGaskinsSeniorFellowatResourcesfortheFuture(RFF).Hehasworkedtopromoteefficientcontrolofairpollutionandwrittenextensivelyonelectricityindustryregulationandenvironmentaloutcomes.Burtraw’scurrentresearchincludesanalysisofthedistributionalandregionalconsequencesofclimatepolicy,theevolutionofelectricitymarketsincludingrenewableintegration,andtheinteractionofclimatepolicywithelectricitymarkets.HehasprovidedtechnicalsupportinthedesignofcarbondioxideemissionstradingprogramsintheNortheaststates,California,andtheEuropeanUnion.HealsohasstudiedregulationofnitrogenoxidesandsulfurdioxideundertheCleanAirActandconductedintegratedassessmentofcosts,andmodeledhealthandecosystemeffectsandvaluation,includingecosystemimprovementintheAdirondackParkandthesouthernAppalachianregion.BurtrawcurrentlyservesasChairofCalifornia’sIndependentEmissionsMarketAdvisoryCommittee.BurtrawholdsaPhDineconomicsandamaster’sdegreeinpublicpolicyfromtheUniversityofMichiganandabachelor’sdegreefromtheUniversityofCalifornia,Davis.MarcHafsteadjoinedRFFin2013fromStanfordUniversity.HeisanRFFfellowanddirectoroftheCar...