{"id":744,"date":"2009-07-15T09:49:00","date_gmt":"2009-07-15T14:49:00","guid":{"rendered":"http:\/\/blogs.edf.org\/climate411\/2009\/07\/15\/four-reasons-to-use-cap-and-trade-to-fight-global-warming\/"},"modified":"2009-07-15T09:49:42","modified_gmt":"2009-07-15T14:49:42","slug":"four-reasons-to-use-cap-and-trade-to-fight-global-warming","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/climate411\/2009\/07\/15\/four-reasons-to-use-cap-and-trade-to-fight-global-warming\/","title":{"rendered":"Four Reasons to Use Cap and Trade to Fight Global Warming"},"content":{"rendered":"

Michael Oppenheimer<\/a> and I have a post up on Huffington Post<\/em><\/a> that explains why cap and trade is more effective than a tax at slowing and eventually halting global warming.<\/p>\n

Here are just the highlights:<\/p>\n

    \n
  1. Environmental certainty.<\/strong> Let’s keep our eyes on the prize: avoiding dangerous climate change. A legally binding cap is the only way to assure that this objective will actually be attained.<\/li>\n
  2. International opportunity.<\/strong> The atmosphere is indifferent to where carbon dioxide, the main greenhouse gas, is emitted. The ultimate goal, once countries like China and Brazil have adequate systems for monitoring their emissions, is a global carbon market — benefiting both the developing countries and the industrialized countries.<\/li>\n
  3. The market, not the government, sets the price. <\/strong>Cap and trade is a smart division of labor: Congress sets the cap, and the market sets the price on carbon needed to achieve it.<\/li>\n
  4. Political viability. <\/strong>In our view, cap and trade is the best policy on the merits. But it is also the politically viable path. A recent survey shows that of all regulatory approaches, the public likes taxes least.<\/li>\n<\/ol>\n

    Each of these reasons are explained in more detail on Huffington Post<\/em><\/a>. Take a look and add to the comments!<\/p>\n","protected":false},"excerpt":{"rendered":"

    Michael Oppenheimer and I have a post up on Huffington Post that explains why cap and trade is more effective than a tax at slowing and eventually halting global warming. Here are just the highlights: Environmental certainty. Let’s keep our eyes on the prize: avoiding dangerous climate change. A legally binding cap is the only …<\/p>\n","protected":false},"author":29,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[43,44],"tags":[],"coauthors":[],"class_list":["post-744","post","type-post","status-publish","format-standard","hentry","category-economics","category-policy"],"acf":[],"yoast_head":"\nFour Reasons to Use Cap and Trade to Fight Global Warming - 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\/07\/15\/four-reasons-to-use-cap-and-trade-to-fight-global-warming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Four Reasons to Use Cap and Trade to Fight Global Warming - Climate 411\" \/>\n<meta property=\"og:description\" content=\"Michael Oppenheimer and I have a post up on Huffington Post that explains why cap and trade is more effective than a tax at slowing and eventually halting global warming. 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