A bit more on cap and trade
People who have put more effort than I have into reading the Waxman-Markey bill are coming up with widely differing interpretations, not just of what its impacts will be, but of what it actually means.
One interesting case against is this analysis by Payal Parekh, who thinks the cap and trade components of the Waxman-Markey bill will do very little for American carbon emissions. [more]