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Argument: The slow implementation of a cap-and-trade system may make it unpopular over time

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Environmental Economics, “Carbon tax vs cap-and-trade: which one is more likely to disgust the American public?” 6/06/07– “Our fear is that with so many billions at stake, any carbon cap-and-trade program will necessarily be beset by crippling delays, inside-dealing and favoritism run wild. The result will be to disgust and disillusion the American public so that it turns against putting a price on carbon emissions altogether.”