When the climate bill died in the U.S. Senate in 2010, most observers assumed that was the last dying gasp for “cap-and-trade” as a policy for tackling global warming. Here in the United States, it’s hard to find an environmentalist or Democrat who will even whisper the phrase anymore.
Yet cap-and-trade is very far from dead. Across the globe, dozens of countries are either enacting or studying cap-and-trade programs for their carbon pollution, according to the World Bank’s 2012 Carbon Market Report.
Read the full article in Wonkblog