I recently discovered that Joseph Aldy at Climate Policy is currently doing a series on both the similarities and differences of a carbon tax and cap-and-trade system. While my earlier post made some observations about this, I will defer to him on further details.
It seems that this debate which was limited to “wonky” circles just a couple of years ago is now getting more attention in the press and on Capitol Hill. Various interests–from oil and auto companies to cleantech entrepreneurs–are trying to decide which of these approaches they would prefer.
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