Low Prices a Problem? Making Sense of Misleading Talk About Cap-and-Trade in Europe and the USA
Category: ENVIRONMENT
Since when are low prices considered to be a problem? To understand what's going on, we need to remind ourselves of the purpose (and promise) of a cap-and-trade regime, and then look at what's been happening in the respective markets.
By Robert Stavins, Contributor
Director of the Harvard Environmental Economics Program, 2012-04-28