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Global Warming
Why fee and dividend is better than cap and trade at fighting climate change
Why fee and dividend is better than cap and trade at fighting climate change

California is leading the nation in taking action on climate change. AB 32, passed in 2006, established carbon pricing in the state with a system called cap and trade. Simply put, this system caps carbon emissions from large polluters by selling a set number of emission allowances at state auctions. The number of allowances sold declines annually until California's emissions goals are achieved. Businesses can trade their surplus allowances to those that find it difficult to reduce emissions. The money the state collects from the auctions goes toward other emission-reducing measures mandated by AB 32, including sustainable energy projects and rebates for electric cars and solar panels....

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