Climate scientist James Hansen has gone on the warpath against cap-and-trade. (See this op-ed in the NYT, among other recent examples.) Perhaps what's most alarming is that, for all his intelligence, Hansen doesn't appear to grasp even the basic elements of cap-and-trade systems. In a blog post last weekend, economist Paul Krugman took him to task: ... today’s op-ed article suggests that he really hasn’t made any effort to understand the economics of emissions control. And that’s not a small matter, because he’s now engaged in a misguided crusade against cap-and-trade ... What the basic economic analysis says is that an emissions …
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Eric de Place is a senior researcher at Sightline Institute, a Seattle-based sustainability think tank, working on promoting smart policy decisions for the Pacific Northwest. Visit http://daily.sightline.org/blog/ to read more on Sightline's blog.
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