Carbon Tax Versus Cap-and-Trade Approaches to Global Warming – Part 1

After making a strong case for Europe to adopt the cap-and-trade strategy back in 1997, the United States took two important steps in the other direction since then.One such development is the recent proliferation of coal-fired power plants built all over the Mid West. Within the next ten years we can expect to see dozens of coal-plants at the 1,500 MW range spewing out about a million tons of sulphur a year into the atmosphere.

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