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.
Learning from the EU's cap and trade system
Learning is fun 2
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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Brendan Patrick Posted 9:52 pm
08 Apr 2007
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 ...
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planetthoughts Posted 12:09 am
09 Apr 2007
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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