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  • Rory Hills

Cap & Trade success

Updated: Mar 5, 2021

Cap & Trade was first used to tackle the Acid Rain problem afflicting North America in the 1980s; a cursory Google of this will lead to many reports, all of which are quite old as the program ended ten years ago. This link to a Harvard report is as good as any I can find. The headline is as follows: in the program’s 20-year life, an 80% reduction in sulphur dioxide was achieved versus a 50% target and at one quarter of the anticipated cost. That, by anyone’s measure is a great success and it explains why Cap & Trade was chosen as the preferred route to try to tackle the far larger issue of global warming.


The US East Coast emission trading system celebrated its 10th anniversary a couple of years back; here is a link to a report reviewing the first decade of the Regional Greenhouse Gas Initiative (RGGI). The highlights in the Exec Summary are impressive.



A link to one of many articles explaining how Cap & Trade is forcing coal out in Europe.







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