When the conversation turns to cap and trade, is your first thought: "Oh, that will never work, it's too complicated?" It's true, it can be harder to get one's arms around than a gas tax or even a carbon tax -- who doesn't get taxes, right? -- but cap and trade is a familiar, and an effective means by which to reduce pollution among regulators and industry.
In the 1990s, the U.S. acid rain cap and trade program achieved 100...
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