To some, a cap-and-trade system might sound like a neat...

To some, a cap-and-trade system might sound like a neat approach where the market sorts everything out. But in fact, in some ways it is worse than a tax. With a tax, the costs are obvious. With a cap-and-trade system, the costs are hidden and shifted around. For that reason, many politicians tend to like it. But that is dangerous.

Bjorn Lomborg Quote About Approach, Costs, Hidden, Market, Might: To Some A Cap And...

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