July 12, 2012
|
Bowman Cutter, M. Rhead Enion, Ann Carlson, Cara Horowitz
Rules of the Game Recap
In August 2011, the Emmett Center examined California's proposed cap-and-trade program. In this two-page recap, we review the program as adopted and find our conclusions still apply: the California Air Resources Board has designed a cap-and-trade program that should avoid gaming and market manipulation problems sometimes seen in other programs.