Original cap-and-trade creators doubt its CO2 use

Thomas Crocker and others who came up with emissions cap-and-trade systems to control traditional air pollution doubt its applicability to global warming. One difference is the global nature of, er, global warming. Another, he said, is that warming’s costs haven’t been sufficiently quantified yet to properly price caps.

The better answer, Crocker and others say, is carbon taxes.

At the same time, the National Association of Manufacturers and other big biz groups claim the Waxman-Markey climate control bill, a cap-and-trade bill, could cost 2 million jobs. Nonsense. Nobody in Europe talks about job losses even close to that, let alone job losses in the abstract as a major fallout of the bill.
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