Climate Feedback

Ramping up the Montreal Protocol

The argument for using a cap-and-trade system, or a carbon tax for that matter, to control greenhouse gases comes down to marshaling the troops. Everybody needs to play this game, and the surest way to make everybody play is to make winning profitable – and conversely to make losing costly. In other words, make the market work for you instead of against you. It’s a noble and likely necessary goal, but it’s not necessarily fast, nor perfect. 


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