Bfgrn
Gold Member
- Apr 4, 2009
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Cap & Trade and libertarians
flacaltenn claimed libertarians gave us cap & trade. Actually the idea began in 1967: Ellison Burton and William Sanjour, two computer modelers for the U.S. National Air Pollution Control Administration (predecessor to the United States Environmental Protection Agency's Office of Air and Radiation), imagined cap and trade (though not the term) as a way to cut down sulfur dioxide emissions from power plants. These studies used mathematical models of several cities and their emission sources in order to compare the cost and effectiveness of various control strategies.
But there is some truth to flacaltenn's statement.
C. Boyden Gray, an an avowed libertarian came up with the idea to address acid rain by letting people buy and sell the right to pollute. Gray, a tall, lanky heir to a tobacco fortune, was then working as a lawyer in the Reagan White House.
The Political History of Cap and Trade
How an unlikely mix of environmentalists and free-market conservatives hammered out the strategy known as cap-and-trade
Read more: The Political History of Cap and Trade | Science & Nature | Smithsonian Magazine
flacaltenn claimed libertarians gave us cap & trade. Actually the idea began in 1967: Ellison Burton and William Sanjour, two computer modelers for the U.S. National Air Pollution Control Administration (predecessor to the United States Environmental Protection Agency's Office of Air and Radiation), imagined cap and trade (though not the term) as a way to cut down sulfur dioxide emissions from power plants. These studies used mathematical models of several cities and their emission sources in order to compare the cost and effectiveness of various control strategies.
But there is some truth to flacaltenn's statement.
C. Boyden Gray, an an avowed libertarian came up with the idea to address acid rain by letting people buy and sell the right to pollute. Gray, a tall, lanky heir to a tobacco fortune, was then working as a lawyer in the Reagan White House.
The Political History of Cap and Trade
How an unlikely mix of environmentalists and free-market conservatives hammered out the strategy known as cap-and-trade
Read more: The Political History of Cap and Trade | Science & Nature | Smithsonian Magazine