Submitted by Jake Blumgart on November 18, 2009 - 2:59pm
Date Published:
Wed, 11/18/2009
Eric De Place. Sightline Daily. November 18, 2009.
“How Carbon Markets Work in Europe” explains Europe's cap-and-trade system. De Place analyzes a wide variety of studies about the Europeon regional cap and trade system, and finds that despite Republican rhetoric and rough early going, the system has worked out remarkably well.
“Despite the fact that Europe had virtually no experience with implementing a cap-and-trade program, and despite the fact that the program includes numerous sovereign nations, the cap-and-trade program works. It reduces emissions -- and it does so inexpensively and efficiently.”
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