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Thursday, December 06, 2007

Climate change policy: cap and trade flopped in Europe

The U.S. is getting much closer to regulating carbon emissions to combat global warming, but the most likely policy is a carbon cap and trade system. Problem is, Europe tried such a system starting three years ago and this interview discusses how that program has flopped.

This is why a cap-and-rebate may be a much better option.

Tip of the hat to Triple Pundit for the story.

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