Australian carbon tax; California cap-and-trade

Cap-and-Trade is Alive and Well

Comprehensive climate policy is going nowhere at the federal level.  That’s obvious.  But U.S. inaction doesn’t mean that the rest of the world is following the U.S. lead.  Instead, around the world, countries are adopting policies to transition to cleaner energy sources and to reduce greenhouse gas emissions.  And cap-and-trade systems are as popular a …