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The Limits of Pricing Carbon

In: Climate Law
Author:
David M. Driesen Syracuse University, ddriesen@law.syr.edu

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Many analysts agree that we need to put a price on carbon through either a carbon tax or a cap-and-trade program. And yet, some of the most dramatic successes in carbon abatement have come from policies that do not put a price on carbon. This article considers some of the limits to price as an effective mechanism for transformation of the fossil fuel economy.

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