http://climateintel.com/2008/03/21/cost-control-in-a-cap-and-trade-program/ Legal & policy intelligence on climate change for the investment & regulated communities Thu, 17 May 2012 17:01:11 +0000 http://wordpress.org/?v=2.3.2 http://climateintel.com/2008/03/21/cost-control-in-a-cap-and-trade-program/#comment-543 William D'Alessandro Fri, 04 Apr 2008 01:42:24 +0000 http://climateintel.com/2008/03/21/cost-control-in-a-cap-and-trade-program/#comment-543 Your analysis is a good one. But in its balanced approach I think it misses the latest thinking: safety valves are universally decried by analysts as a feature in cap-and-trade programs Even those who support them do so strictly for as a compromise to garner support from the louder stakeholders among those who will harmed by carbon trading. The bills' inclusion of them demonstrates that Congress is wholly out of step and, no surprise, politically motivated rather than policy oriented. To my mind, the situation is also some evidence that cap-and-trade greenhouse gas emissions programs are a briar patch that should be avoided rather than encouraged. Your analysis is a good one. But in its balanced approach I think it misses the latest thinking: safety valves are universally decried by analysts as a feature in cap-and-trade programs Even those who support them do so strictly for as a compromise to garner support from the louder stakeholders among those who will harmed by carbon trading. The bills’ inclusion of them demonstrates that Congress is wholly out of step and, no surprise, politically motivated rather than policy oriented. To my mind, the situation is also some evidence that cap-and-trade greenhouse gas emissions programs are a briar patch that should be avoided rather than encouraged.

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