The Case for Cap and Trade

The cover story of this week's New York Times Magazine is a piece by Paul Krugman on the economics of climate change.

In it, the Nobel Prize-winning economist makes a compelling case for the use of market-based tools to limit greenhouse emissions.

Crucially, Krugman addresses the economic effects of installing a cap and trade model, presenting a persuasive argument against the idea that emissions controls will devastate the economy.

Read the article here.

Photo: Exhaust discharged from a factory in Linfen, China (Qilai Shen/Bloomberg)

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