So it would seem, with the equivalent of a “my dog ate my homework” reason for why the Obama Administration still hasn’t endorsed the Waxman-Markey bill. Still studying details on a 648-page bill isn’t much excuse when the bill came out last month.
Now, the bill has its flaws, to be sure. I wouldn’t give away ANY cap permits myself; all would be sold. It’s not clear on how utilities, etc. would be regulated to keep them from gouging customers.
And not using carbon taxes at all is bad policy.
But, it’s a good starting point, nonetheless.
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