APEsphere - Ditch "cap-and-trade" argues Yale economist

Report Bugs

Blogs we like

Resources

Dead tree version

Ditch "cap-and-trade" argues Yale economist

Save Story

The story has been saved to your saved stories list.Go to Saved

Add this link to:

Report Abuse:

So that we can keep the site friendly, legal and on-topic, please click the Report Abuse button if this story breaks the APEsphere Code.

Added by apesphere on 12 Mar 2009
From: www.businessgreen.com

Image courtesy loop_oh via Flickr

Yale University's Professor William D Nordhaus has argued against the "reckless gamble" of Kyoto-style cap-and-trade agreements.

According to BusinessGreen:

"He said that carbon taxes would provide greater price certainty to businesses, make it easier to encourage emerging countries to enter into an international deal on climate change and would be less susceptible to corruption than alternative cap-and-trade measures."

Andrew Newton is the author of The Handbook of Compliance: Making Ethics Work in Financial Services