Learning from the EU's cap and trade system

Learning is fun 2

Check out this great article in the Washington Post. It explains many of the pitfalls and unintended consequences that have occurred under the EU's system and some of the challenges the US will likely face.

Jason Scorse, PhD
Associate Professor
Chair of the International Environmental Policy Program
Monterey Institute of International Studies

Institute Webpage: http://www.miis.edu/academics/faculty/node/936

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  1. Brendan Patrick Posted 9:52 pm
    08 Apr 2007

    The work has already been done!People have already looked at the mistakes with the EU ETS:
    http://www.feasta.org/documents/energy/emissions2007.pdf
    that covers not only the faults of the EU ETS, but also briefly covers other proposals which are popular, such as Contraction and Convergence, Tradable Energy Quotas, Sky Trust and Feasta's own Cap and Share.
    http://www.capandshare.org
    http://www.climatecooperation.org/index.php?title=Cap_and ...

  2. planetthoughts Posted 12:09 am
    09 Apr 2007

    Excellent storyThank you, Jason.  This is indeed a detailed, non-condescending look into the reality of one of the current buzz-phrases, cap-and-trade.
    It appears to be possibly a valuable system, but one that is full of pitfalls, costs, and hidden and not-so-hidden opportunities for corruption and for cheating the system.  And there needs to be a careful, accurate, and non-delusional evaluation of what the total outputs are that can occur.
    Perhaps the inherent problem with cap-and-trade is that it allows passing responsibility on to others, who are an unknown quantity in the real world.  This is an inherent limitation - exactly how damaging that limitation is, remains to be measured and reported on, but it is something we need to understand.

    David Alexander

    PlanetThoughts.org



    Love your Planet.

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