July/August 2009
The Problem with Cap and Trade
David Victor explains why emissions trading alone won't be adequate to address global warming.
By David Victor
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| Credit: Bob London |
After years of delay, the United States is finally trying to tame the emission of gases that lead to global warming. The most likely outcome is some kind of cap- and-trade system that aims to put a lid on these greenhouse-gas emissions and allows firms to trade emission credits.
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Massachusetts Institute of Technology