Rushing to Copenhagen? Is Cap-and-Trade the Answer?
Department or Administrative Unit
To listen to the public discourse about: how to control emissions, one might think there is near unanimity that cap-and-trade is the answer. Set limits on carbon emissions, provide business with the ability to trade rights to pollute, and the market will efficiently spread the costs of pollution control. These economists beg to differ. Read why.
Ghosh, K. & Gray, P. (2010). Rushing to Copenhagen? Is Cap-and-Trade the Answer? Challenge 53(1), 5-27. DOI: 10.2753/0577-5132530101