Economist finds many flaws with the cap-and-trade mechanism

Date: 10 Sep 2009 | posted in: Energy | 0 Facebooktwitterredditmail

Giventhe potential boondoggles of trading and the environmental successes with simple regulation (a la the EPA), it’s surprising that cap-and-trade is the leading policy option for addressing climate gases. The McKinsey folks have already illustrated the most cost-effective strategies in their carbon abatement cost curve and the EPA has the authority to implement many of those efforts. What are we waiting for?

For more on this, see David Morris’ essay on the Waxman-Markey bill: http://tinyurl.com/qekkrc

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John Farrell
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John Farrell

John Farrell directs the Energy Democracy initiative at the Institute for Local Self-Reliance and he develops tools that allow communities to take charge of their energy future, and pursue the maximum economic benefits of the transition to 100% renewable power.