In anticipation of the U.S. adopting a cap-and-trade program for greenhouse gases (GHGs), Professor Coplan explores the implications that the public trust doctrine might have on such a program. Rooted in Roman law and the common law, the public trust doctrine declares that certain public resources, such as flowing water, shorelands, and the air, are held by the sovereign in trust for the public benefit and are not susceptible to private ownership.
Coplan suggests that a cap-and-trade program for GHGs can be found to implicate the public trust doctrine, because arguably the atmospheric climate system is a public trust resource and the allocation of tradable emissions rights subjects this resource to private ownership. Under the broadest conception of the public trust doctrine, the government is prohibited from alienating public trust resources; however, Coplan's analysis of U.S. public trust cases suggests that a milder version of the public trust doctrine operates in the U.S. today. Under this milder version, implementing a cap-and-trade system for greenhouse gases is permissible, but, Coplan argues, sustainability principles implicit in U.S. public trust doctrine require that the cap for such a program be set at or below scientifically proven sustainable limits on GHGs.

