Economists Urge Limits On Carbon Credit Giveaways

Law360, New York (August 4, 2009, 5:52 PM EDT) -- Economic experts on Tuesday continued a debate in a U.S. Senate committee over how to distribute carbon credits under a proposed cap-and-trade framework, urging direct federal rebates to mitigate customer costs, rather than routing savings in the form of free credit allocations to local utilities.

As the Senate Finance Committee crafts its version of landmark carbon regulation legislation passed by the U.S. House of Representatives in June, a panel of economic and policy analysts weighed in on how to best protect consumer and business interests through...
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