Argument: Cap-and-trade systems are flexible in the global economy

Support

Eileen Claussen (president of the Pew Center on Global Climate Change) and Judith Greenwald (director of innovative solutions at the Pew Center), “Handling Climate Change”, Miami Herald, 7/12/07 – “[A cap-and-trade is] more flexible for one, allowing you to link your system to other cap-and-trade systems around the world. In today’s global economy, where companies operate in multiple countries at once, this kind of system has obvious advantages. Cap-and-trade also allows the banking of emission allowances – reducing emissions early and using the saved emission allowances for later.”