Sightline has a new report out: “Cap and Trade 101: A Climate Policy Primer.” It’s a plainspoken introduction that explains:

• The cap, the trade: How cap and trade works
• How to evaluate the efficiency, effectiveness, and fairness of a cap and trade system
• What about offsets?
• What happens to energy prices
• Carbon tax vs. cap and trade
• Auctioned vs. free pollution permits
• How to build in protections for working families
• Four ways to make sure cap and trade funds go to local economies

Reader support helps sustain our work. Donate today to keep our climate news free. All donations DOUBLED!

Summer’s over. Time to put the beach reading aside and start learning again!

Grist thanks its sponsors. Become one.