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Climate Justice Now!
| DOES POLLUTION TRADING ENCOURAGE INNOVATION? (first in a series) |

“Precisely because necessity is the mother of invention, emissions trading probably produces weaker incentives for innovation than a comparable traditional regulation. And emissions trading certainly provides inadequate incentives for initially expensive innovations, even when such innovations offer long-term cost savings and broad environemntal advantages”.

-- David Driesen, Angela R. Cooney Professor of Law, Syracuse University, 2003

by: ProfMKD @ 7:41 PM

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