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Special Report - Lack of Direction on Climate Change Hobbles Carbon Trading - NYTimes.com
Special Report - Lack of Direction on Climate Change Hobbles Carbon Trading - NYTimes.com
That may be just as well, Dr. Helm said. While carbon trading makes sense in theory, implementation in Europe was riddled with special-interest deals and giveaways to industry that made it far less effective than taxing carbon directly, he said. The same would almost certainly apply to any future U.S. system.
That may be just as well, Dr. Helm said. While carbon trading makes sense in theory, implementation in Europe was riddled with special-interest deals and giveaways to industry that made it far less effective than taxing carbon directly, he said. The same would almost certainly apply to any future U.S. system.
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