{"id":682,"date":"2009-01-26T14:59:26","date_gmt":"2009-01-26T19:59:26","guid":{"rendered":"http:\/\/blogs.edf.org\/climate411\/2009\/01\/26\/in-case-you-missed-it-nice-post-over-at-tnr\/"},"modified":"2009-01-26T14:59:26","modified_gmt":"2009-01-26T19:59:26","slug":"in-case-you-missed-it-nice-post-over-at-tnr","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/climate411\/2009\/01\/26\/in-case-you-missed-it-nice-post-over-at-tnr\/","title":{"rendered":"In Case You Missed It: Nice Post over at TNR"},"content":{"rendered":"<p>Last week, Brad Plumer over at the New Republic made <a href=\"http:\/\/blogs.tnr.com\/tnr\/blogs\/environmentandenergy\/archive\/2009\/01\/21\/europe-s-carbon-market-collapses-should-we-worry.aspx\">some thoughtful points about climate policy<\/a> that are worth taking a look at.<\/p>\n<p>He puts well the key difference between a cap and a tax:<\/p>\n<blockquote><p>With a tax, we know in advance how much it will cost, but aren&#8217;t sure what emissions level will result. With a well-enforced cap-and-trade regime, we know the maximum level of emissions we&#8217;ll get, but aren&#8217;t positive how much it will cost to get there&#8230;<\/p><\/blockquote>\n<p>We take issue with some of his thoughts about to how to cope with fluctuations in the market price of carbon (<a href=\"https:\/\/blogs.edf.org\/climate411\/2007\/06\/05\/what-is-the-safety-valve\/\" title=\"post about why the safety valve is not a good way to manage cost\">a so-called &#8220;safety valve&#8221; is a bad idea<\/a>), but it&#8217;s great to see a clear-headed reaction to the fluctuations in the European market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week, Brad Plumer over at the New Republic made some thoughtful points about climate policy that are worth taking a look at. He puts well the key difference between a cap and a tax: With a tax, we know in advance how much it will cost, but aren&#8217;t sure what emissions level will result. &#8230;<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[44,99],"tags":[],"coauthors":[],"class_list":["post-682","post","type-post","status-publish","format-standard","hentry","category-policy","category-links-and-quotes"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>In Case You Missed It: Nice Post over at TNR  - Climate 411<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.edf.org\/climate411\/2009\/01\/26\/in-case-you-missed-it-nice-post-over-at-tnr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In Case You Missed It: Nice Post over at TNR  - Climate 411\" \/>\n<meta property=\"og:description\" content=\"Last week, Brad Plumer over at the New Republic made some thoughtful points about climate policy that are worth taking a look at. He puts well the key difference between a cap and a tax: With a tax, we know in advance how much it will cost, but aren&#8217;t sure what emissions level will result. ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogs.edf.org\/climate411\/2009\/01\/26\/in-case-you-missed-it-nice-post-over-at-tnr\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate 411\" \/>\n<meta property=\"article:published_time\" content=\"2009-01-26T19:59:26+00:00\" \/>\n<meta name=\"author\" content=\"Tony Kreindler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony Kreindler\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2009\\\/01\\\/26\\\/in-case-you-missed-it-nice-post-over-at-tnr\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2009\\\/01\\\/26\\\/in-case-you-missed-it-nice-post-over-at-tnr\\\/\"},\"author\":{\"name\":\"Tony Kreindler\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/#\\\/schema\\\/person\\\/6129ad8b0daf4a4bc105b08adaad60e5\"},\"headline\":\"In Case You Missed It: Nice Post over at TNR\",\"datePublished\":\"2009-01-26T19:59:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2009\\\/01\\\/26\\\/in-case-you-missed-it-nice-post-over-at-tnr\\\/\"},\"wordCount\":138,\"commentCount\":2,\"articleSection\":[\"Policy\",\"What Others are Saying\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2009\\\/01\\\/26\\\/in-case-you-missed-it-nice-post-over-at-tnr\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2009\\\/01\\\/26\\\/in-case-you-missed-it-nice-post-over-at-tnr\\\/\",\"url\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2009\\\/01\\\/26\\\/in-case-you-missed-it-nice-post-over-at-tnr\\\/\",\"name\":\"In Case You Missed It: Nice Post over at TNR - 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