TITLE

Cap and Charade

AUTHOR(S)
Shellenberger, Michael; Nordhaus, Ted
PUB. DATE
October 2010
SOURCE
New Republic;10/28/2010, Vol. 241 Issue 17, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses U.S. President Barack Obama's frustrated ambitions to make the U.S. a global leader in clean energy. A cap-and-trade emissions trading scheme proposed by Obama's administration was advertised as a means of both promoting clean technologies and creating jobs. However, analysis indicates that the plan, which failed to pass Congress, would have resulted in a net loss of jobs. Furthermore, the experience with carbon-trading in Norway and Sweden indicates that a trading regime in itself does little to spur innovation.
ACCESSION #
54323070

 

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