Once skeptical, environmentalists now love the idea of 'emissions trading' as a strategy to curb greenhouse gases. These days it's economists who have reservations about a purely market-based approach. Does Mitt Romney have a point?
ON WEDNESDAY, when Governor Mitt Romney pulled Massachusetts out of a pioneering pact to limit the greenhouse gas emissions of power plants in nine Northeastern states, many of the pact's supporters, a group comprising not only environmentalists and Democrats but prominent business leaders and Republican officials from the other eight states, privately speculated that the governor was primarily concerned about ... (Full article: 1558 words)
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