Is cap-and-trade the most efficient system to reduce carbon emissions?

Ellerman, Denny; Parry, Ian W. H.
June 2009
Americas Quarterly;Summer2009, Vol. 3 Issue 3, p18
The article offers information on the perspective shared by the author regarding the efficacy of cap-and-trade scheme in reducing carbon emissions in the U.S. The author mentions that it is considered the most effectual means of mitigation carbon dioxide emissions because it is the only alternative that deals with equity without detracting from efficiency. He adds that the program deals with the question of fairness through the free allocation of allowances for tradable rights to emit.


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