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I'm a strong believer in cap and trade as the most efficient and least economically damaging way to adjust, but the cap has to be progressively and massively reduced, and nobody (read significant polluters) should be exempt.  The imposition of a gap more or less guarantees the level of emissions.  A carbon tax doesn't guarantee any reduction in emissions at all if people are willing to pay, although you would expect some reduction.

Oh, and I've been at EuroTrib since day one (13 June 2005), although more off than on the last two years...

by canberra boy (canberraboy1 at gmail dot com) on Wed Oct 7th, 2009 at 05:11:49 PM EST
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