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What price, carbon?

Posted on October 06, 2008

By Sean CastenTwo troubling things I heard last week: The on-going question about what our next president will sacrifice in the name of the economy. If the financial crisis has taught us nothing else, it is that federal coffers are not infinite, and something will inevitably give. At a panel on GHG policy in Washington, congressional staffers for Sen. Byron Dorgan (D-N.D.) and Rep. Jay Inslee (D-Wash.) conceded that the RGGI auction -- and specifically, the $40 million raised for the northeastern states -- will create some need for the feds to give, once the feds pass auctions of the...

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