An evaluation of cap-and-trade programs for reducing U.S. carbon emissions.
An evaluation of cap-and-trade programs for reducing U.S. carbon emissions.
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This Congressional Budget Office (CBO) study, written by Terry Dinan--prepared at the request of the Senate Committee on Environment and Public Works--examines four proposals. All are variants of a "cap-and-trade" program, in which policymakers would set a mandatory cap on carbon emissions and allow businesses to trade rights (or allowances) to those emissions.
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