Northeast Faces Stark Choice on Climate Pollution – NYTimes.com

January 25, 2013 — Leave a comment

Cap-and-trade programs are designed to lower emissions gradually by reducing the cap and the allowances that are available. Polluters get flexibility in cutting emissions by being able to trade allowances among themselves. The idea is to achieve the reductions at the lowest cost through market forces rather than through direct regulation.

Northeast Faces Stark Choice on Climate Pollution – NYTimes.com.

Northeast Faces Stark Choice on Climate Pollution - NYTimes.com

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