Regional carbon market will have a limited effect on cleantech investment
As the Chicago Climate Exchange began trading as part of the Regional Greenhouse Gas Initiative (RGGI) on Friday, considerable doubt remained about whether the cap-and-trade system will actually effect emissions reductions. The system is plagued by poor design, merely a marginal improvement over the status quo.
The RGGI, a cooperative of 10 Northeastern and Mid-Atlantic state governments, saw trading of 70,000 carbon permits on its first day. The RGGI only regulates emissions from power generators, and… Continue Reading