Cap-And-Trade Plan Economically Flawed: Report

Law360, New York (February 18, 2009, 12:00 AM EST) -- A proposed cap-and-trade program designed to cut greenhouse gas emissions in several Western states could prolong the current recession and weaken already overburdened power grids, according to a report recently commissioned by a business policy and lobbying group.

Issued Wednesday by the Western Business Roundtable, the report concludes that the Western Climate Initiative, a joint effort by a group of American states and Canadian provinces, would disadvantage the West by limiting energy resources and discouraging deployment of new technologies that can help grow a more low-carbon...
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