Tuesday, June 14, 2011

California Takes Another Look at Emission Reduction Mechanisms

California Revises Its Greenhouse Gas Analysis - NYTimes.com

"The staff’s final judgment was that a market-based approach easily outdistanced a direct emissions tax or fee. Even the unpopular option of direct regulation of refineries or power plants or other major emitters penciled out better than the carbon tax in the new analysis of the regulatory board."

For policy wonks interested in the comparison of cap-and-trad and carbon taxes, the article noted provided this link.

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