Potemkin Trading

Victor, David G.
July 2009
Technology Review;Jul/Aug2009, Vol. 112 Issue 4, p12
In this article the author discusses the impact of the European cap-and-trade system, known as the Emission Trading System (ETS), on the cap-and-trade system in the U.S. He emphasizes the lessons that the ETS could offer to policymakers in the country. He expects that the cap-and-trade legislation would result to low carbon prices with a host of stealthy regulatory policies.


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