While there are many policy tools needed to address climate change, there are benefits to cap-and-trade systems that can't be replaced. First and foremost, there is the cap: legislating a limit on emissions is the only way to guarantee the...
Posted by Lars G. Josefsson, on March 9, 2010 7:30 AM
The discussion of alternatives should begin with a new paradigm. For the past 20 years, the foundation for climate legislation has been projections of an impending catastrophe. What we have seen over that period of time is a climate which has not been a lot different than that existed over comparable periods since the end of the Little Ice Age
Posted by William O'Keefe, on March 5, 2010 9:37 AM
An important addition to any new climate bill is a refund mechanism to protect lower and middle class families from increased energy prices. No matter what road Congress takes to control our greenhouse emissions, energy prices will rise to some extent. The costs businesses incur in their compliance of any new rules will be passed on to consumers.
Posted by Richard L. Revesz, on March 5, 2010 9:30 AM