On the recordJune 15, 2000
I simply think it comes down to the point where we have the mechanism in place under the 1990 Clean Air Act to reduce emissions. Emission trading is a market-based initiative that is actually serving this public good, without having to obligate taxpayer money, without having to have the Department of Energy pick this company to give money to over that company to give money to, thereby engaging in industrial policy. I think that there can be merits pointed out, but the point is the demand is losing, many of these projects are inefficiently managed, the GAO report is consistently telling us these things are not well managed.
Source
govinfo.gov
