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  Advantages of Cap and Trade

  GreyFlcn, there are a couple other reasons why a cap and trade system has gained favour internationally. For one, it promotes sustainable development through the trading of emissions permits between countries. A carbon tax would accomplish the same by having developed countries fund projects in developing countries, but it would be less feasible from a political standpoint.

  Similar thinking applies within countries. The cap and trade system allows for a balance between government supervision and economic efficiency. Governments will have a big role to play at first to reduce the shock of carbon pricing. As the system matures and people adjust, it's possible to shift the job of allocating permits from governments to markets so that the overall cost of mitigation is reduced.

  My site "From Kyoto to Bali: A new framework for the climate" features talks by climate policy experts that cover all of these issues.On A new int'l org works toward a global carbon market, leaves U.S. federal gov't out posted 2 years ago 3 Responses