Instead of Cap and Trade, Cap and Dividend
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/instead-cap-and-trade-cap-and-dividend/A new and vastly improved climate change policy has come out of nowhere to capture the imagination of state and national policymakers: "Cap and dividend." It works like this: Step one, impose a carbon cap. Step two, auction off all carbon allowances. Step three, return most of (if not all) the revenues generated to all households on a per capita basis. Continue reading
