Sen. Maria Cantwel (D-Wash.)To borrow Dave Eggers' book title, the novel approach to cap and trade proposed by Sen. Maria Cantwell (D-Wash.) is a heartbreaking work of staggering genius. Genius, because it is an innovative plan to create a best-case version of cap and trade. And heartbreaking, because by design and by omission it undermines the most important feature of cap and trade: a legally binding limit on carbon emissions. It's true that Cantwell's CLEAR Act sets out ambitious reduction targets. Yet at present, it lacks detailed guidance for achieving them, especially in the near term. We want to love …
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Eric de Place
Eric de Place is a senior researcher at Sightline Institute, a Seattle-based sustainability think tank.