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Perspective

May 8, 2009

Cap and Trade, or Bait and Switch?

"Cap and trade" may not be the solution to greenhouse gas emmissions, writes Don Willenburg.

By Don Willenburg

What you think you see in "cap and trade" may not be what you get. The likelihood of this result is large, given the law of unintended consequences, the huge financial stakes involved and the complexity and opacity of the issues.

Cap and trade is currently touted by many as the best way to reduce carbon or all greenhouse gas emissions. There would be a "cap" on emissions from producers, who would be given permits to emit a certain amount. If t...

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