Regulation and the Environment

摘要

Economist Charles Komanoff is not agnostic about the fate of cap-and-trade legislation in the US Congress. “Cap and trade will fall flat on its face,” he said. “It’s going to be ultimately rejected. In the end, (Congress) will turn to a tax in order to impose a price on carbon.” Cap and trade will fail, in part, as a consequence of the Wall Street meltdown, Komanoff said. “The last thing the public will want to see is a new trillion dollar market in some esoteric financial instruments that is going to be conducted behind closed doors with no transparency,” he said.