Cap-and-trade and a carbon tax: two great tastes, but do they taste great together?

And if not, why not?

A journalist of some renown called me last week to ask a question: would it be possible to do both a cap-and-trade program and a carbon tax? Al Gore famously urged that approach, but this journo had heard from other (reliable) sources that it’s not possible. My instinctive answer was yeah, sure, there’s no reason you couldn’t do it. (I mean, there are a gazillion political reasons it’s impossible, but there’s no technical or regulatory reason you couldn’t do it.) Is that right? Do any of you smart folk out there know of any reason you couldn’t implement the two …

Trade in the Shade

Bush allows Democrats to attach eco-protections to trade agreements If the Decider isn’t careful, he’s going to become the Compromiser. Last week, President Bush and congressional Democrats worked out a deal that will attach environmental and labor protections to trade accords in the works with Colombia, Panama, Peru, and South Korea. The compromise will require U.S. trading partners to comply with international environmental agreements and enforce their own existing green laws. No doubt following the shining lead of the U.S. Ahem. Administration officials hope the agreement will have a ripple effect, allowing future trade bills to sneak through even a …

Tancredo’s fictions

Republican presidential candidate Tom Tancredo was asked, "what’s the latest work of fiction you’ve read?" His answer: An Inconvenient Truth. Guess that goes on his fiction shelf right next to Darwin’s Origin of Species. More at Tancredo Watch.

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