Cap and trade: "inefficent and ineffective"

Over the weekend, Laurie Williams and Allan Zabel, two Oakland, CA EPA attorneys, speaking as private citizens, sent an open letter to every member of Congress indicating that the cap and trade approach, such as espoused in the Lieberman-Warner America's Climate Security Act of 2007 (S. 2191), would be "inherently inferior to a carbon tax." Full Story »

Posted by Chris Finnie

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4.3
by Gary Clark - May. 7, 2008

This must-read article shows how cap and trade schemes are inherently biased against the poor and powerless, primarily Southern Hemisphere indigenous peoples, but also any locals near mining and oil exploitation sites. Establishment politicos and industrialists seem pre-determined against the alternative, a carbon tax, in spite of vocal opponents of cap and trade within EPA and the CBO. There is reference to EU and UN cap and trade programs, but no representatives quoted to explain their supportive position. The author provides links to authoritative sources backing her points. I was left wishing the article were longer and more detailed.

(7 answers)

Gary's Rating

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4.3

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from 7 answers
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4.3
Fairness
4.0
Information
5.0
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4.0
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4.0
Popularity
4.5
Recommendation
5.0
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5.0
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