Cap-and-Trade and innovation

April 3, 2018 by Abhilasha Fullonton

(Source: Energy Institute at Haas) Pricing carbon will help drive R&D, but the market will still be bumpy. Virtually all economists agree that one of the biggest selling points for pricing greenhouse gases (GHGs) – whether a carbon tax or cap-and-trade — is that it will boost innovation in low-carbon technologies. But will innovation return the favor in California’s cap-and-trade market by making it function more smoothly, saving it from the potential Achilles’ heel of extremely low or high prices? Read full article…

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