3 ms·
Cap-and-trade worked well with acid rain. As with any policy if it is not written well, is poorly enforced, or poorly implemented it will likely fail. It can
by yequalsx 9y ago
Cap-and-trade worked well with acid rain. As with any policy if it is not written well, is poorly enforced, or poorly implemented it will likely fail. It can be implemented well.
https://en.wikipedia.org/wiki/Acid_Rain_Program https://en.wikipedia.org/wiki/Acid_Rain_Program
- twblalock 9y agoThe article I cited has addressed this and dismissed it. Do you think the article was wrong?
- yequalsx 9y agoThe U.S. Acid Rain Program begun in 1995—the best example yet of how the cap-and-trade idea can work—saw allowance prices drop from more than $1,500 to less than $1 based on changes first proposed by the Bush administration. And acid rain may be less but it has not gone away. The article indicates a reduction in acid rain. It furthermore indicates that much of problems with cap and trade stem from poor execution. Anything will fail if it is poorly executed, written to allow loopholes, or is poorly regulated. I think the problem is poor governance and a populace that allows such to happen. It can work.