Emissions, utilities and auctions: There is no free power lunch

clock • 6 min read

With support for a US cap-and-trade scheme growing attention is turning to how carbon credits should be allocated. Clark Williams-Derry argues auctioning for one and all is the way to go

An economy-wide cap on climate warming emissions – our preferred climate policy – has one enormous sticking point: once the cap is in place, who gets the right to pollute? That's the core of the debate...

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