There's been a nice, coherent-if-incipient debate on cap-and-trade on this blog lately, which I've alas been too busy to reply to. But I wanted to throw in just one small thought: it just might be time to ditch the whole notion. It conflates at least three things together, and as they are all quite different, the "trading debate" as we know it is both confusing and confused. Cap-and-grandfather: A market-based system in which existing polluters are granted the right to continue polluting, modulo some typically minor and politically negotiated reduction. This right comes in the form of "allowances" that polluters …
Get Grist in Your Inbox
Millions alive today would have to die before the paleo diet could take over
Washington state just lopped up to $2,500 off the cost of solar panels. Here’s how.
Goodbye, everyone! A massive hole has opened at the End of the World
Lay off the almond milk, you ignorant hipsters
Nestlé doesn’t want you to know how much water it’s bottling from the California desert