Tradeable permits have been a staple solution for climate change policy. But the cap-and-trade, a signature tradeable permit tool, technique does not seem to hold water. It has drained a tons of research dollars already, with little sustainable models to save the climate. Instead, the Obama administration has just decided to go around it and become more energy efficient as a tool to engage in a renewed climate-control issue. It may work and it makes sense.
Click on the link below to read the article on this topic.
http://www.technologyreview.com/energy/30529/?mod=chfeatured
Courtesy: Technology Review
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