07 Jul '11, 8pm

Cap-and-trade could spur faster #cleantech investment than carbon tax, says @drgrist:

I am painfully aware that the "cap-and-trade vs. carbon tax" debate, which was never particularly useful, has now become spectacularly pointless. Cap-and-trade is dead at the national level and seems to be slowly dying at the state level. And a carbon tax, despite the eternally brimming hopes of its many apostles, still has no chance in hell. So it's a "unicorns vs. bigfoot" kind of thing at this point. Nonetheless! For those of you still interested in the intellectual issues involved, I've just seen an interesting paper and want to dig up one aspect of the debate for re-litigation. [Pauses while 97 percent of readers leave.] OK. One of the benefits that people claim for a carbon tax is that it's predictable. It is set at a particular level, or perhaps rises on a predetermined schedule, but either way industry will know what it is years in advance. This certainty, it is al...

Full article: http://www.grist.org/climate-policy/2011-07-07-cap-and-tr...

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