Responses to Common Objections

Stavins, Robert N.
October 2007
Hamilton Project: Discussion Papers;2007, Issue 13, p54
Working Paper
The article offers responses to objections raised against the use of the cap-and-trade system to reduce carbon dioxide and greenhouse gas emissions in the U.S. It cites the concern on whether allowance trading activity might result in excessive concentrations of other localized pollutants whose emissions are correlated with greenhouse gas emissions. It notes that the proposed system includes a large auction of emissions allowances from the very start. It stresses that the proposed system is linked to the actions of other key nations.


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