{"id":748,"date":"2009-07-21T13:00:01","date_gmt":"2009-07-21T18:00:01","guid":{"rendered":"http:\/\/blogs.edf.org\/climate411\/2009\/07\/21\/how-cap-and-trade-was-born\/"},"modified":"2009-07-21T13:00:01","modified_gmt":"2009-07-21T18:00:01","slug":"how-cap-and-trade-was-born","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/climate411\/2009\/07\/21\/how-cap-and-trade-was-born\/","title":{"rendered":"How Cap and Trade Was Born"},"content":{"rendered":"

The latest Smithsonian magazine has an in-depth piece that tells the story<\/a> of “How an unlikely mix of environmentalists and free-market conservatives hammered out the strategy known as cap-and-trade.”<\/p>\n

The story is powerful — it starts with a hike,\u00a0 leads to fury within the Bush White House and ends with results:<\/p>\n

Almost 20 years since the signing of the Clean Air Act of 1990, the cap-and-trade system continues to let polluters figure out the least expensive way to reduce their acid rain emissions. As a result, the law costs utilities just $3 billion annually, not $25 billion, according to a recent study in the Journal of Environmental Management; by cutting acid rain in half, it also generates an estimated $122 billion a year in benefits from avoided death and illness, healthier lakes and forests, and improved visibility on the Eastern Seaboard. (Better relations with Canada? Priceless.)<\/p><\/blockquote>\n

…<\/p>\n

Cap-and-trade — a term that first appeared in print that year — quickly went “from being a pariah among policy makers,” as an MIT analysis put it, “to being a star — everybody’s favorite way to deal with pollution problems.”<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The latest Smithsonian magazine has an in-depth piece that tells the story of “How an unlikely mix of environmentalists and free-market conservatives hammered out the strategy known as cap-and-trade.” The story is powerful — it starts with a hike,\u00a0 leads to fury within the Bush White House and ends with results: Almost 20 years since …<\/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":[99],"tags":[],"coauthors":[],"class_list":["post-748","post","type-post","status-publish","format-standard","hentry","category-links-and-quotes"],"acf":[],"yoast_head":"\nHow Cap and Trade Was Born - 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\/21\/how-cap-and-trade-was-born\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Cap and Trade Was Born - 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