Critique of U.S. House Bill 2454 on Climate Change

The U.S. House of Representatives, in June 2009, approved a bill to create a cap and trade system and a system of regulations and subsidies to address the problems of climate change. The U.S. Senate is now considering remedies for climate change. The approach of House Bill 2454 is ill-advised, and s...

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Autor principal: Michael J. Waggoner
Formato: article
Lenguaje:EN
Publicado: Amsterdam Law Forum 2010
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Law
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Acceso en línea:https://doaj.org/article/b048a3462aec41bfb23b3f9d8277a072
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Sumario:The U.S. House of Representatives, in June 2009, approved a bill to create a cap and trade system and a system of regulations and subsidies to address the problems of climate change. The U.S. Senate is now considering remedies for climate change. The approach of House Bill 2454 is ill-advised, and should be rejected by the Senate, because of the problems outlined below. I propose that these problems that would not be presented by a carbon tax, a simpler and more effective remedy for the risk of climate change.