The Environmental Defense Fund (EDF) played a central role in bringing cap-and-trade emissions controls into place. Its president, Fred Krupp talked with George H.W. Bush’s White House counsel, Boyden Gray, in 1988 about using market-based incentives to reduce emissions of greenhouse gasses. It was first used to regulate sulphur dioxide and and other acid rain producing gasses. EDF says it was the first nonprofit to do so.
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