Cap and Trade versus Carbon Tax
The climate-change debate has shifted, claim Eileen Claussen and Judith Greenwald of the Pew Center on Global Climate Change in a July 2007 article for the Miami Herald.
Related:
LinksDossier: EU Emissions Trading Scheme There is no longer any argument about whether or not the world is warming and whether or not this is a problem, as it "clearly is", claim the authors – calling for the focus of the debate to turn to how to address the reality of climate change.
The US Congress is "moving towards" introducing a cap-and trade-programme to limit greenhouse-gas emissions, though several commentators believe a carbon tax to be preferable, the article outlines.
Advocates of a carbon tax believe that it would be simpler and that the EU experience shows that the cap-and-trade approach has failed, but the authors insist that both of these arguments are wrong.
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