Why the Obama Climate Change Plan Won't Work
Political Support for Cap & Trade Will Not Overcome Its Practical Shortcomings
A central point of the Wrong Ball analysis is that emissions trading is designed to keep the price of fossil-fuel energy relatively low and thus will not create sufficient incentive to invest in carbon-free energy and disinvest in coal. The only mechanism, the authors argue, that will rapidly flip the economic incentives driving our energy economy is a system-wide carbon fee. Full Story »
Posted by Dwight Rousu
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