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Their paper concluded that Congress is more likely to pass a cap-and-trade system—in which the government puts a cap on the amount of a pollutant that can be emitted??than a carbon tax, because the cap-and-trade system exhibits the “independence property”—the theoretical and actual ability of a system to keep costs low and environmental performance high...

Author: By Julia R Jeffries, CONTRIBUTING WRITER | Title: Professor Advocates Cap-and-Trade | 4/12/2010 | See Source »

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