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New at Reason: Ronald Bailey on Why the Death of Cap and Trade is Greatly Exaggerated
Cap and trade is dead,
according to Sen. Lindsey Graham (R-S.C.). But don't shout
Hallelujah just yet. Senators Graham, Kerry, and Lieberman are
cooking up another complex scheme to ration carbon and boost energy
prices. Reason Science Correspondent Ronald Bailey argues
that if carbon must be rationed to prevent dangerous man-made
global warming, there is a much better, cheaper, and simpler
proposal circulating on Capitol Hill.
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