by David Shreve In cap-and-trade systems, the government places a “cap,” or limit, typically on pollution or resource extraction. The amount of pollution or extraction is then divided into “allowances,” which are allocated to the polluting or extracting corporations. These corporations can trade their unused allowances in the marketplace. Cap-and-trade policies promise significant abatement at an optimally low cost. But does experience with cap-and-trade systems vindicate this promise...| Center for the Advancement of the Steady State Economy
Degrowth and steady-state movements are allied historically and logically. They should be politically as well.| Center for the Advancement of the Steady State Economy
