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I would say that cap and trade is a fairly popular solution to curbing externalities in the field of economics.
by jumbopapa 7y ago
I would say that cap and trade is a fairly popular solution to curbing externalities in the field of economics.
- adrianN 7y agoIf the caps would be reduced by meaningful amounts every year so that we reach carbon neutrality in fifteen years or so that would be true. But nobody is doing that.
- mac01021 7y agoCap & Trade is weird. How are the caps set, based on what? And the system doesn't even reimburse the people who bear the externalized cost. If you want to address an externality, just address it directly by fee & dividend.