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Why Pricing Carbon Isn't Enough
The successful auction of 12.5 million permits by 10 U.S. Northeastern states brought the cap-and-trade system to the limelight this week.Although an important first step, RMI co-founder Amory Lovins believes cap-and-trade systems merely skim the surface of what ultimately needs to happen to accelerate reductions in carbon. Said Lovins in his recent conversation with Denver Mayor John Hickenlooper at RMI's 2008 National Solutions Council event, "In the long run, I think, pricing carbon will not be either essential or certainly sufficient. Efficiency gains are a manual underta...
Source: TreeHugger