The Debate Zone: Carbon Tax V. Cap and Trade

McKinsey&Company: The McKinsey Report

Why we need a carbon tax
By Gregg Easterbrook

It’s simple. It’s easy to enforce. And it provides the right incentives to polluters as well as inventors and engineers working to develop cleaner technologies.

Carbon caps are better
By Carter F. Bales and Rick Duke

A cap and trade policy gives business greater certainty about future costs. It also puts a limit on emissions and is more likely to result in a real reduction in greenhouse gases.

Read the full story