Cap and Lease Carbon

Irons, John
March 2008
Democracy: A Journal of Ideas;Spring2008, Issue 8, p17
The author argues that cap-and-lease program would bridge the gap between a carbon tax and a cap-and-trade program, taking the best features from each to provide a politically viable solution. He believes that unless significant action is taken to reduce greenhouse gas emissions, people can expect irreversible environmental and economic damage. He is of the opinion that there is a need for an alternative mechanism that ensures some level of predictability in the cost increases in reducing carbon emissions.


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