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Another economist in the Waxman-Markey camp

Posted on July 03, 2009

In Another comment on Waxman-Markey , Charles Kolstad (co-editor of the AERE journal, Review of Environmental Economics and Policy) concludes:Although the bill has its shortcomings, at its core it is an impressivepiece of legislation. If the senate trims some of the glaring defects,then the U.S. will become the world leader in taking global warming andclimate change seriously.After a quick review of cap-and-trade, Kolstad takes aim at three concerns: ... (1) thatpermit costs will drive up the cost of everything in our economy andhit the average citizen hard in the pocketbook; (2) that certain...

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