Re: [Pen-l] European carbon market crashing

[Max Sawicky <maxbsawicky@xxxxxxxxx>]

My impression is that Bushie Greg Mankiw rhymes with "no thank-you"
supports a carbon tax because he is afraid cap and trade might be more
effective and a carbon tax will never pass.



On Fri, Feb 6, 2009 at 11:45 AM, Doug Henwood <dhenwood@xxxxxxxxx> wrote:
>
> 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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