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Re: [Pen-l] European carbon market crashing


On Feb 6, 2009, at 11:42 AM, Eugene Coyle wrote:

In the USA the big polluters and the big environmental groups (notably NRDC) decided on Cap & Trade a couple of years ago and have embedded the idea -- to the detriment of the climate.

To be fair, it all depends on where you put the caps, no? If you started low and reduced the caps by 5-10% a year, that'd be pretty serious stuff.

Doug
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