A former professor from my public policy graduate school,
Margaret Taylor (now at Lawrence Berkeley National Laboratory), has just published a new study in the Proceedings of the National Academy of Sciences (PNAS) with her findings about how the low price of carbon in current cap-and-trade programs is leading to a slow-down on technological innovation to reduce greenhouse gases. Read it here:
Innovation under cap-and-trade programs (March 12, 2012).
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