Carbon Reduction Beyond Cap and Trade or the Carbon Tax

Triple Pundit (Oct 21 2010) Monitoring , Cap and Trade , Carbon Tax , Emissions , Fossil Fuel

1. With all the commotion over the up coming November mid-term elections, the recent death of cap-and-trade has been quietly dismissed. The American Clean Energy and Security Act of 2009 (ACES), more commonly known as the Waxman-Markey Bill, was intended to set a price for carbon. Since the threat of pricing carbon through legislation has disappeared, the current market for carbon offsets at the Chicago Climate Exchange has plummeted next to zero. This begs the question, is passing carbon legislation hopeless? What other alternatives to carbon legislation is out there? (Read Full Article)

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