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Inside WCI: Linking

Posted on August 04, 2008

How different cap and trade programs can all get along.by Eric de PlaceThis is the fourth in a short series of posts that explain some important but often overlooked policy issues in the Western Climate Initiative -- the West's regional cap-and-trade system.In cap and trade, bigger is better -- or at least cheaper. That's because of the flexibility that is built into the program: the cap sets the overall level of emissions while the trade harnesses the profit motive to seek out the cheapest and easiest reductions wherever they occur in the economy. So it's good news when the Western Clima...

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canadian , carbon , emissions , european , france , policy , pollution , trading